Web Software Architecture and Engineering – Life on the Bleeding Edge

This hits pretty close to home. Although I don’t do business with them, I do see one of there office across the street here in Pasadena, CA. All IndyMacBank websites state:
On July 11,
2008, IndyMac Bank, F.S.B., Pasadena, CA was closed by the Office of
Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation
(FDIC) was named Receiver. All non-brokered insured deposit accounts
have been transferred to IndyMac Federal Bank, F.S.B., Pasadena, CA
(“assuming institution”) a new FDIC-insured Federal Mutual Savings
Bank. No advance notice is given to the public when a financial
institution is closed.”

More info @ http://www.usatoday.com/money/industries/banking/2008-07-11-indymac-shut-down_N.htm.

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Comments on: "Pasadena Meltdown: IndyMac Bank Closing – $32 Billion Seized!" (1)

  1. Is this a sign of times to come. Should we all pay attention to people standing outside of banks, that cannot give them their money? It ia predicted that another 150 banks may very well share this fate over the next year. Will one of these be one of our banks, yours or maybe mine, or maybe both. Something to think about now rather than later. Placing our trust in Banks and the U.S. dollar may haunt us sooner that we imagine. Take a look at the public gold website for oppurtunities to diversify and add a solid base to our portfolios.
    Fannie

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