Sunday, July 13, 2008

IndyMac Bank Under FDIC Control

IndyMac Bank fails under pressure of the mortgage and foreclosure crisis and falling housing prices, and is put under FDIC Control, Los Angeles Times and The New York Times.

It will be interesting how the market reacts to this weekend news.

Link to Dr. Brett Steenbarger's view of the news.

Link to Ray Barros views.

Charles

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