IndyMac Fallout in Brooklyn?
Here’s a spooky anecdote from Daily Gotham: “Today, my brother saw a crowd at the Duarte [California] IndyMac Bank desperately trying to get their savings out. Many elderly people were claiming that they are being offered dollar for dollar on the first $100,000…after that only fifty cents on the dollar.” And here’s another one from…
Here’s a spooky anecdote from Daily Gotham: “Today, my brother saw a crowd at the Duarte [California] IndyMac Bank desperately trying to get their savings out. Many elderly people were claiming that they are being offered dollar for dollar on the first $100,000…after that only fifty cents on the dollar.” And here’s another one from a recent report from the Center for Responsible Lending:
“I would reject a loan and the insanity would begin,” one former underwriter told CRL. “It would go to upper management and the next thing you know it’s going to closing… I’m like, ‘What the Sam Hill? There’s nothing in there to support this loan.'”
Even if, knock on wood, runs on banks aren’t in our near future, is IndyMac’s failure likely to affect Brooklynites directly or indirectly? Or will it indeed be business as usual after the FDIC bailout?
It Begins: My Brother Witnessed a Run on a Bank [Daily Gotham]
Photo by Alec81.
Wait a minute Brooklynnative! First you was running with the Asshats then you shifted your position trying to be like me and now I get this. It was a mad house at Indymac just Google the news stories you wanna be Assfuck! No it’s me on this I don’t need band wagon jumper, FUCKTARD!!!
The What
Someday this war is gonna end…
“Watch the video! They are going Buck Wild, son! This is coming to a WAMU branch near you. Oh man this is great!!”
Yeah a bunch of old ladies and men, sitting on their lawn chairs with sun umbrellas going “buck wild”??!! BS – just more BS from what, but then what do you expect? He must lead a very boring life.
“Hey, What…..We missed you.”
I been here documenting the apocalypse, LMAO!
“Fake what sighting.”
Ah some Asshat attacks, that feels good. Hey BrooklynLovesmensass, are your watching the meltdown fucktard! Do you see your equity going down the drain? Hold on to that Condo, it will will be worth 20% next year. LMMFAO, Stupid!
The What
Someday this war is gonna end…
Gabby – stop trying to be Chuck Schumer.
Fake what sighting.
BTW, the FDIC guarantee of up to $100,000 is per bank. I hope that every WAMU holder knows this.
The S&L scandal of the 80’s…You’re bringing me back to my precocious youth. You know, “W” wasn’t supposed to be “the one.” It was Neil who was supposed to become the second Bush president. He got tangled up with Silverado S&L and quite frankly, we just don’t hear about him anymore.
The implication of the Indy Mac failure for Brooklyn is that there will be a whole new world in mortgage finance that even those of us with good credit, steady jobs, and an adequate coverage ratio will have a harder time getting mortgages.
Hey, What…..We missed you.
In To Tame Angry IndyMac Customers
http://cbs2.com/business/IndyMac.Finance.Pasadena.2.770438.html
Police Tuesday were called in to tame an angry throng of IndyMac Bank customers trying to pull money out of the Encino branch on the second day of a federal bank takeover.
At least three police squad cars showed up early Tuesday as tensions got heated outside the San Fernando Valley branch of Pasadena-based IndyMac.
Federal regulators seized Pasadena-based IndyMac on Friday and they opened Monday under the control of the Federal Deposit Insurance Corporation.
Watch the video! They are going Buck Wild, son! This is coming to a WAMU branch near you. Oh man this is great!!
The What (Real Estate only goes up, ROTMMFLMMFAO!)
Someday this bank is gonna end..
there, there, dear. it must be hard to switch from fending off the asshats everyday to feeling some love! ok, maybe not love exactly…just less crap!
You know something, no one attacks me any more.. Wow that is something. Never-mind Brownstoner has killed this Blog with Log-On non sense. The Asshats are starting to see the Mutant Asset Bubble with their own eyes.
The What
Someday this war is gonna end…
I knew Chuck Keating when he was on trial in Chicago…kept two adjoining suites at the Fairmont Hotel (one for him, and one for his…ahem…”secretary”. In between court dates he was filling his days protesting against pornography and/or abortion, and figuring out ways to get his lawyer to pay for dinner that included a ’75 La Mission Haut Brion.
All this while pleading poverty to the judge.
Lovely, lovely man.