Indymac

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Zombie Companies Haunt Stock Market Rally

Garrett Johnson | Posted 11.08.2009 | Business

Read More: Indymac, Casinos, Fannie Mae, Zombie Banks, Freddie Mac, Washington Mutual, Wall Street, Lehman Brothers, Business News

Insiders are selling and only speculators are buying. This doesn't sound like a market that the little guy should get involved with.

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Scott Polakoff, Top Bank Regulator, Placed On Leave Pending Probe Of Backdated Cash Infusions For IndyMac

AP | Posted 04.26.2009 | Business

Read More: Scott Polakoff, Indymac, Bank Regulator, John Bowman, Office of Thrift Supervision, Top Bank Regulator, Investigation, Pasadena-California, Business News

WASHINGTON — A top bank regulator has been placed on leave pending a Treasury Department investigation into regulators' approval of backdated ca...

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Inside IndyMac's Nationalization: A Case Study

HuffingtonPost.com | Ryan Grim | Posted 04.24.2009 | Politics

Read More: Indymac, Nationalization, IndyMac Sale, Politics News

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, ...

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Bank Failures Will Cost FDIC Over $40 Billion

AP | MARCY GORDON | Posted 03.06.2009 | Business

Read More: Fdic, Banks, Bank Failures, Indymac, IndyMac Failure, Business News

WASHINGTON — Federal regulators now believe U.S. bank failures will cost the deposit insurance fund more than $40 billion over the next four yea...

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Failed IndyMac Sold For $13.9 Billion

AP | ALAN ZIBEL | Posted 02.02.2009 | Business

Read More: IndyMac Sold, IndyMac Failure, Indymac Bank, Indymac, Business News

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...

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IndyMac Sale Near: Deal To Sell Failed Bank To Private Equity Firms

New York Times | Zachery Kouwe | Posted 01.29.2009 | Business

Read More: Indymac, IndyMac Sale, IndyMac Private Equity, Private Equity, IndyMac Sold, Business News

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...

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Advice To Team Obama: Keep FDIC's Bair

Robert Reed | Posted 01.05.2009 | Chicago

Read More: Fdic, Citigroup Wachovia, Obama's Cabinet, Geithner Bair, Wells Fargo Wachovia, Indymac, Henry Paulson, Timothy Geithner, Sheila Bair, FDIC Chairman Sheila Bair, Barack Obama, Chicago News

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.

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Struggling IndyMac Borrowers May Not Know They're Entitled To Help

Los Angeles Times | E. Scott Reckard | Posted 12.01.2008 | Business

Read More: Bailout, Finance, Economy, Banks, Financial Crisis, Personal Finance, Indymac, Business News

The Federal Deposit Insurance Corp.'s program to lower loan payments for struggling borrowers with mortgages from IndyMac Bank has been lauded by cons...

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Take Back Your Money

Jon Raymond | Posted 10.02.2008 | Business

Read More: Economy, Freddie Mac, Fdic, Money, Revolution, Bank Run, Indymac, Fannie Mae, Banks, Bear Stearns, Feds, Bank Runs, Saving Money, Business News

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...

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Feds: 117 Banks In Trouble, Highest Level Since 2003

AP | MARCY GORDON | Posted 09.26.2008 | Business

Read More: Indymac, Bank Failure, Bank Closure, Troubled Banks, Federal Deposit Insurance Corp, Business News

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...

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California May Probe Senator Schumer Over IndyMac Collapse

Reuters | Posted 09.21.2008 | Business

Read More: Schumer Investigation, Banking Crisis, Bank Runs, IndyMac Collapse, Indymac, Charles Schumer, Schumer IndyMac, Business News

WASHINGTON (Reuters) - California's attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New Yo...

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Bush Cheerleads While the Economy Dives

Mona Gable | Posted 07.29.2008 | Politics

Read More: George Bush, Gas Prices, The New York Times, Indymac, Economy, Ben Bernake, Mortgage Crisis, George W. Bush, Politics News

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.

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Why We Are Where We Are

Tony Ressler | Posted 07.24.2008 | Business

Read More: Indymac, Indymac Bank, Consumer Debt, Economy, Business News

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.

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FBI Investigating IndyMac For Fraud In Home Loans To Risky Borrowers

AP | LARA JAKES JORDAN | Posted 07.24.2008 | Business

Read More: Indymac, Indymac Investigation, Fbi Investigates Indymac, Indymac Fraud Investigation, Indymac Fraud Home Loans, Business News

WASHINGTON — The FBI is investigating failed bank IndyMac Bancorp Inc. for possible fraud, an official said Wednesday of the government's latest...

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Regulation is Not a Bad Word

Cenk Uygur | Posted 07.23.2008 | Politics

Read More: Bear Stearns, Phil Gramm, Financial Neocons, Indymac, Deregulation, Republican, Enron, Fannie Mae, Regulation, Radical Deregulation, Freddy Mac, John McCain, Financial Radicals, Socialists, Politics News

McCain and Gramm are financial radicals who have taken over the system. The idea of putting them back in charge is absolutely unthinkable.

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IndyMac Customers Line Up To Transfer Money To Mattresses

Reuters | Posted 07.23.2008 | Business

Read More: Economy, Indiemac, IndyMack, Banking Crisis, Indymac, IndyMac Seized, IndyMac Failure, Business News

With Federal Reserve Chairman Ben Bernanke reiterating that the U.S. economy isn't in great shape, government-sponsored enterprises Fannie Mae and Fre...

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Fed Regulators Explore New Territory

Jeffrey Shaffer | Posted 07.23.2008 | Politics

Read More: Obama, Freddie Mac, Indymac, Bernie Mac, Economy, Politics News

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

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Did Sen. Charles Schumer Cause The IndyMac Failure? He Says No

CNNMoney.com | Posted 07.23.2008 | Business

Read More: Why Did IndyMac Die, Banking Crisis, IndyMac Shut Down, IndyMac Closed, Indymac, IndyMac Seized, Chuck Schumer, Who Killed IndyMac, Charles Schumer, Business News

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...

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Right Develops Economy Blame Narrative

Dave Johnson | Posted 07.21.2008 | Politics

Read More: Schumer, Indymac, Economy, Politics News

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...

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Regulators Seize IndyMac

AP | ALEX VEIGA | Posted 07.19.2008 | Business

Read More: IndyMac Shut Down, IndyMac Seized, Indymac, Indymac News, Indymac Fdic, Indymac Bank, Indy Bank, Indy Mac, Business News

LOS ANGELES — IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter ...

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Mortgage Lending Implode-O-Meter Explodes In Popularity

New York Times | Louise Story | Posted 07.16.2008 | Business

Read More: Mortgage Lending Implode-O-Meter, Subprime Mortgages, Aaron Krowne, IndieMac, Lehman Brothers SBF, Weak Economy, Indymac, Recession, Mortgage Crisis, Business News

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...

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