Zombie Companies Haunt Stock Market Rally
Insiders are selling and only speculators are buying. This doesn't sound like a market that the little guy should get involved with.
Insiders are selling and only speculators are buying. This doesn't sound like a market that the little guy should get involved with.
AP | Posted 04.26.2009 | Business
WASHINGTON — A top bank regulator has been placed on leave pending a Treasury Department investigation into regulators' approval of backdated ca...
HuffingtonPost.com | Ryan Grim | Posted 04.24.2009 | Politics
When the federal government first took over IndyMac Bank in July, it estimated that it would cost between four and eight billion dollars to seize it, ...
AP | MARCY GORDON | Posted 03.06.2009 | Business
WASHINGTON — Federal regulators now believe U.S. bank failures will cost the deposit insurance fund more than $40 billion over the next four yea...
AP | ALAN ZIBEL | Posted 02.02.2009 | Business
WASHINGTON — A seven-member group of investors has teamed up to buy the remnants of failed lender IndyMac Bank, a symbol of the housing boom and...
New York Times | Zachery Kouwe | Posted 01.29.2009 | Business
IndyMac Bancorp, one of the largest banks to fail as a result of the subprime mortgage crisis, is close to being sold to a consortium of private equit...
Robert Reed | Posted 01.05.2009 | Chicago
Some infighting is considered good sport, even in the Obama era. But pushing out Federal Deposit Insurance Corp. Chairman Sheila Bair is not a wise, nor politically astute, decision.
Los Angeles Times | E. Scott Reckard | Posted 12.01.2008 | Business
The Federal Deposit Insurance Corp.'s program to lower loan payments for struggling borrowers with mortgages from IndyMac Bank has been lauded by cons...
Jon Raymond | Posted 10.02.2008 | Business
Want to know how to take back this country, or start a revolution? The answer is as obvious as the nose on your face. Banks. Take your money out of t...
AP | MARCY GORDON | Posted 09.26.2008 | Business
WASHINGTON — The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86 percent in the sec...
Reuters | Posted 09.21.2008 | Business
WASHINGTON (Reuters) - California's attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New Yo...
Mona Gable | Posted 07.29.2008 | Politics
I was extremely confused by Bush's rosy economic speech. Here my local bank, IndyMac, is collapsing, with distraught customers waiting in line for hours last week to get their money.
Tony Ressler | Posted 07.24.2008 | Business
People used too much debt to buy things at the wrong time in the economic cycle and lenders have been too lax in their lending standards. This has all changed because it should -- in short, risk has been repriced.
AP | LARA JAKES JORDAN | Posted 07.24.2008 | Business
WASHINGTON — The FBI is investigating failed bank IndyMac Bancorp Inc. for possible fraud, an official said Wednesday of the government's latest...
Cenk Uygur | Posted 07.23.2008 | Politics
McCain and Gramm are financial radicals who have taken over the system. The idea of putting them back in charge is absolutely unthinkable.
Reuters | Posted 07.23.2008 | Business
With Federal Reserve Chairman Ben Bernanke reiterating that the U.S. economy isn't in great shape, government-sponsored enterprises Fannie Mae and Fre...
Jeffrey Shaffer | Posted 07.23.2008 | Politics
IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressure of tighter credit, tumbling home prices and rising foreclosures
CNNMoney.com | Posted 07.23.2008 | Business
NEW YORK (CNN) -- Sen. Charles Schumer said Sunday the Bush administration is trying to "blame the fire on the person who calls 9-1-1" by suggesting h...
Dave Johnson | Posted 07.21.2008 | Politics
The right is orchestrating a campaign to blame Democrats for the economic collapse. In cases like this it is often a matter of being the first out th...
AP | ALEX VEIGA | Posted 07.19.2008 | Business
LOS ANGELES — IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter ...
New York Times | Louise Story | Posted 07.16.2008 | Business
The misery in the housing market is registering on the Implode-O-Meter. As millions of homeowners fall behind on their mortgages, a fledging Web site...
Garrett Johnson | Posted 11.08.2009 | Business