Gee, we didn't see this one coming, did we HP'ers?
Oh, yeah, I guess we did. Here. And here. And here. And here. And that's just for starters.
You'd have to be a total fool to have money (beyond FDIC) with banks like IndyMac. Or WaMu. Or Countrywide.
Get popcorn. And get ready for frog-marches.
Schumer presses regulators for action to avoid disaster from IndyMac; stock plunges
NEW YORK (Associated Press) - The possible collapse of big mortgage lender IndyMac Bancorp Inc. poses significant financial risks to its borrowers and depositors, and regulators may not be ready to intervene to protect them, Sen. Charles Schumer, D-N.Y., said Thursday.
A wave of IndyMac depositors withdrawing their funds could leave IndyMac "in a disastrous financial situation," Schumer said.