Indymac Failure

Bank Failures Will Cost FDIC Over $40 Billion

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...

Failed IndyMac Sold For $13.9 Billion

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...

IndyMac Customers Line Up To Transfer Money To Mattresses

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...