July 15, 2008

YouTube video of the people who obviously didn't read HP, standing in the line of desperation outside IndyMac



Ignorance is not bliss.

What is it with sheeple? They stood in lines to buy "investment condos" not too long ago, and now they're standing in lines trying to get what's left of their money out of the bank who lent the money to investors in "investment condos".

When you're standing in a line with sheeple, you can pretty much assume you're screwed.

Ya gotta feel sorry for these people, to a point. I don't know what else we could have done.

48 comments:

New World Order said...

I DO NOT 'feel' sorry in any way for any of these dopes.

They were warned, over an over again.

Let the suffering begin. there's plenty more where that came from coming soon.

Take a good look HPers. These are the same hungy and now broke numbskulls who you will be fighting in line over food soon.

Don't like it, DO SOMETHING about it...

Mitesh Damania said...

I worked here for 3 months last year. That building houses all the executives on the floors above. The mob should just go up the stairs and elevators and give them a piece of their mind (physically). Especially those that had more than $100,000 in their accounts.

The other building has all the cubicle workers or whatever's left of them.

Anonymous said...

I don't feel sorry because they're victims of their own greed, once again. First, trying to flip homes, and now trying to chase interest rates from bankrupt companies.

Mitesh Damania said...

They had all the "Who's ever heard of a no downpayment loan? We have!" and similiar type of posters taken down in all the cubicle areas of Indymac.

Anonymous said...

Buh buh buh I thought that Californians were so sophisticated, so superior than everyone else. How that can be possible? Aren't the ultraliberals soooo superior and smart? Ohhh...now just look at them lining up in Passadena to get the leftovers of their ultraliberal welfare rip-offs.

I'm surprised that Feinstein and Boxer aren't serving Kool-Aid while you all wait under the sun. Poor you.

And sorry for breaking it to you, special-Californians, but your state is also bankrupt. Now I let you all go back to your $8 latte and blowing Hussein's d*ck, like the little obedient Birkenstock-wearing cultists you're.

Anonymous said...

IndyMac "made the bad mortgage loans, not me. And now the people who bank here are going to pay the price."

http://www.latimes.com/business/la-fi-indymac15-2008jul15,0,431088.story?page=2

Anonymous said...

Same type of people who listened to Greg Swann

Lost Cause said...

Thank God this did not happen on the day of the iPod launch. There might have been line wars.

PS Mr Anonymous Coward, everything starts in California, but eventually hits the backwater where you live.

Anonymous said...

The same American TV that gives you Idol and Faux News, gives you:

- Jeopardy!
- Cash Cab
- How It's Made (thanks Canucks)
- Made in America
- Wings
- Spin City
- The Nanny
- The History Channel
- National Geographic
- X-Files
- UFO Hunters
- This Old House
- Rick Steve's Europe,
- Two And A Half Men

So don't be hatin'.

Anonymous said...

Ultraliberals? I'd bet 99% of those morons voted for our moron-in-chief George Bush

keith said...

Anyone else get the feeling that you're in New Orleans, a big hurricane is raging overhead, and you're wondering if the levees will hold? And if they don't, if the government will be there for you?

And you're wondering if the ATMs will work. You're wondering how you can get cash. You're wondering how you can get food. You're wondering if you're truly on your own.

Edgar Alpo said...

I wonder how many of those people defaulted on their mortgages over the last few years?

Alice said...

Who on Earth keeps more than 100K at one bank or claims that they did not know about the limits on FDIC insurance. Every bank that I have ever been to has a little sign out front that says deposits up to 100K are insured by FDIC. Its not rocket science.

I'm leaving the country on work for the next 2 months. Over the weekend, I took out a wad of cash to stash for the family just in case there is a melt down while I'm gone. You get so used to using your debit card every where to purchase food and gas. You don't stop to think about what happens if your bank shuts down or the ATM system were to go down... how would you buy food? I'm not being paranoid, just prepared. People will be having a hard time at the grocery store waving there plastic card around begging for food.

GIMME MY 6% PUNK said...

ASIAN MARKETS DOWN HARD OVERNIGHT!!!

FIRE IN THE HOLE!!!

DOPES!!!

SUZANNE!!!

ANON!!!

SWAN!!!

Anonymous said...

Now you're not being logical. If everyone took their money out when you told them, the run on the bank would have happened earlier but there would still be the the last ones in line, just a few days earlier.

Anonymous said...

Why are you guys getting mad at people who saved their money?

Do yourself a favor... said...

I always Hope it gets WORSE:

http://youtube.com/watch?v=2pe4XVVUbiA&feature=related

by the late Great George Carlin.

Do yourself a favor...

guy n. cognito said...

"When you're standing in a line with sheeple, you can pretty much assume you're screwed."

going on a t-shirt, thanks for the quote!

Anonymous said...

Really wasn't a need to line up for anything.

But also, just like anon 2:21 said. Why hate on them. These people are HPers also. They actually have money in the bank unlike the no down no doc loanowners.

This is our kind getting hurt by the REIC ponzi scheme.

Savers. Did you ever think that maybe these people weren't after instant gratification? Just their hard earned and diligently saved money.

brokersleaveyoubroke said...

Anonymous said...
Why are you guys getting mad at people who saved their money?

I'm not mad at them, I just don't understand why anybody would keep more then 100K in one bank and risk losing everything above 100K. IndyMac was paying high interest rates so I guess it boils down to greed or stupidity and these are the type of people who caused the problems in the first place so I can understand why people could be mad at them.

Miss Goldbug said...

Credit unions are another option. They are Federally insured up to 100k by the NCUA.

Patelco Credit Union is a good one for starters.

Years ago the only way to get into a credit union was to have a friend or family member that belonged, perhaps they have changed this policy by now.

Doesnt hurt to check it out.

Anonymous said...

Keith said:"And you're wondering if the ATMs will work. You're wondering how you can get cash. You're wondering how you can get food. You're wondering if you're truly on your own."


Agree with you Keith. Everyone will be on their own if ATM's and debit cards are shut down.

Thats why it's a good idea to keep some cash on hand...

Miss Goldbug said...

I'm adding a side note regarding Credit Unions....


They didnt use to be Federally insured..thats why I didnt keep any monies in Credit Unions.

Take it as good or bad news - or both.

Guy said...

Try depositing or cashing an Indymac check at Wells Fargo. They won't take it. Now it begins.

Anonymous said...

RE: GIMME MY 6% PUNK

Now that's funny stuff!

Anonymous said...

"...Buh buh buh...ultraliberals soooo superior...Ohhh...
...ultraliberal...Kool-Aid ...$8 latte and blowing Hussein's d*ck...little obedient Birkenstock-wearing cultists...

July 15, 2008 7:46 AM


Refreshing Wingnut® concentrate; YUM!

Kevin said...

What the heck?

These "sheeple" are bank depositors, not speculators. FDIC-insured deposits.

The only ones that did anything stupid were those that held deposits there above the FDIC limits -- something you should never do at ANY bank.

The rest just need to close their accounts out and move the money to a location that still functioning.

k.w. - Southern Ca. said...

The fact that hard-working tax-payers, who had nothing to do with the housing frenzy over the past few years, will now be taxed in all sorts of "creative ways" to essentially keep many of these people, and the economy as a whole afloat - at least for a little while - is going to have a horrible impact on the economy down the road.

I'm not sure how many of you have seen Petter Schiff's current video where he explains that it's actually better to let these institutions completely fail, than to shovel the problem (once again) onto the tax-payer's back.

He's absolutely right - this is *not* light the savings & loans crisis back in the 80's, this is much, much worse, and it is a global financial crisis.

Anonymous said...

Mitesh Damania said...
I worked here for 3 months last year. That building houses all the executives on the floors above. The mob should just go up the stairs and elevators and give them a piece of their mind (physically). Especially those that had more than $100,000 in their accounts.

The other building has all the cubicle workers or whatever's left of them.

--------------

They all need to go to jail!

satan is a republican said...

Which one of those waiting for their money is DOPES?

Phyll said...

Some of the depositors were brought over from the old San Gabriel Valley Bank that was acquired by IndyMac in 2000. These are old customers before they were under IndyMac, and SGV was a stable depository bank.

very concerned said...

Heard on NPR one guy said he had a million in there. Another said he deposite $500,000 last Wednesday.

Anonymous said...

the people standing in line are just trying to get their deposits out, not really HP related in most cases.

of course had they read HP they would have known IndyMac was toast months ago, but most people stick to MSNBC or the local paper.

Anonymous said...

Downey Savings and Loan of Newport Beach, California is the biggest financial institution with a high ratio of bad loans.

Anonymous said...

police required as people rush indy bank

Anonymous said...

you all remember that guy that had 360k in his account and thought he was protected if he listed his relatives on the account?

Here is some info on joint account protection, right from the fdic:


If a couple has a joint checking account and a joint savings account at the same insured bank, each co-owner’s shares of the two accounts are added together and insured up to $100,000, providing
up to $200,000 in coverage for the couple’s joint accounts.

Example:
John and Mary have a $220,000 CD at an insured bank. Under FDIC rules, each person’s share of each
joint account is considered equal unless otherwise stated in the bank’s records. John and Mary each
own $110,000 in the joint account category, putting a total of $20,000 ($10,000 for each) over the
insurance limit.


So, for joint accounts, it is assumed each account member has equal ownership and each has 100k of insurance for their share.

can a joint account have more than 2 people on it?

Anonymous said...

FYI people... just drove by a few WaMu's here in Seattle today... line ups out the door... the run on WaMu has started.

Toby said...

The Main Stream Media has not told us who these people standing in line are! If they are depositors with less than $100k then just leave your money there. It is just as safe there as it is at any other bank. Or rather than stand in line, go open an account at another bank and write a check from your IndyMac account. Yes, the checks are still as good as they were before.

If you have more than $100k (or one of the many permutations of safety) then you will not get it all back no matter how LONG you stand in line!

There is an estimated one billion in unisured deposits in IMB. Maybe half of that will be returned. The faster this news gets out the faster those with money will spread out their accounts.

Anonymous said...

GOT SHEEPLED INTO PANIC AND A THOUSAND BUCK PENALITY WHEN WITHDRAWING EARLY FROM A C.D THAT THE FDIC TELLS ME WAS NOT INSURED WHEN I THOUGHT IT WAS...........coulda worried for 4 months AND AVOIDED THE PENALITY.../ OR LOST IT....

my 2007 suv gets 14mpg said...

WoW!!! Hey Keith, could you super-size my popcorn please?

Extra butter too?!!

Bwaaaa!!!!!

What a great show this is!!

COMPLETE BUSH-CO FAILURE IN ALL SYSTEMS!!!!!!!!!


SHe's breaking-up captain!!!!!


abanding ship!!!!!


Fairwell Militray-Industrial Bushies!!!!...

FAILED MIDDLE-EAST TAKEOVER ATTEMPT THAT BROUGHT THE USA BANKS AND CITIZENS TO THEIR KNEES!!!

Hey DUMBYA, YOU'RE FIRED!!!!!!!!!

_________________________
Also:

HP classified:

For sale:
2007 GM SUV, Loaded, low miles. $34,900. Call anytime.

Anonymous said...

From Rounders:

If you look around the room and can't figure out who the MARK is, chances are, it's YOU

Anonymous said...

why are there lines at the indymac branches?

it is not like their money is going to disappear for amounts below the 100k limit.

We are a society of idiots.

These people are probably the same ones that rush to be first on a plane that they have a reserved seat for.

Anonymous said...

FDIC insurance for a married couple can be as high as 400k.

100k for husbands account.
100k for wife's account.
200k for joint account.

If you want to protect your awesome 2% interest earnings, deposit less then the maximum. Like 98k for a 1 year CD.

Don't trust the idiot drawing up the CD's either. Have the bank manager check it also.

GIMME MY 6% PUNK said...

ANON ASKS:

"why are there lines at the indymac branches?"

"it is not like their money is going to disappear for amounts below the 100k limit."

LET'S SAY YOU MARRIED A REALTYWHORE...

IT'S YOUR ANNIVERSARY, AND YOU'RE SITTING AT HOME WAITING FOR HER, SO YOU CAN GO OUT TO DINNER...

SHE SHOWS UP TWO HOURS LATE AND ANNOUNCES SHE HAD TO SCREW A CLIENT TO CLOSE THE DEAL...

SO JUST LIKE INDYMAC IS STILL THEIR BANK, SHE'S STILL YOUR WIFE...

WOULD YOU KEEP HER?

Anonymous said...

"We're just getting' started!"....
--Your Government

Anonymous said...

SO JUST LIKE INDYMAC IS STILL THEIR BANK, SHE'S STILL YOUR WIFE...

WOULD YOU KEEP HER?
---------------------------------

no, but I wouldn't line up 5 hours before my lawyer's office opened up just start divorce proceedings.

Anonymous said...

I have a feeling the 18th will have some news, you be prepared.

Full moon too....

Tokyo-boy said...

Can't they just wire the money to another bank online? That's what I'd do. Why wait in line all day like that?