Comments on: Feds Seize IndyMac's Assets As Bank Fails

Second Largest Financial Institution To Close In U.S. History; Will Reopen Under FDIC Control

[andor3]

"Actually, the indicators for the economy are not bad."

then you are looking at the wrong indicators. Because the economy is bad, scary bad, and not getting better.

[eatech]

Well, if people would live with intheir means then you would not be in this problem.

If you have a low paying job then it stands to reason that you can have a new car and a 250,000 home with a swimming pool in the back yard.

The way I see it you have made your bed now you must sleep in it.

Every one wants a Government hand out! It is funny when I am in trouble and need help the Goverment says no help because you have to much income. I ask why they say that and they say you make .50 cents to much an hour so you do not qualify...Thanks Uncle Sam

[brianbwb-2009]

"If OTS had done its job as regulator and not let IndyMac''s poor and loose lending practices continue, we wouldn''t be where we are today," Schumer said.

So Chuck, if a Rhino(tm) bullet from a drive by comes through your window and turns your daughter''s head into quivering sushi, the police are at fault for not preventing it?

No, I would suggest that the bank management is at fault, and the assets of the CEO, and upper management, as well as the dividends of investors who voted for such practices, going bact to the day the policies were decided, be confiscated, and added to the money that will be used ridiculously to bail out the suckers who had more than the FDIC limit in their accounts.

[tawpdawg11]

After the nuclear meltdown that is coming Monday morning and all next week, Barolcamelto will be nowhere to be found.

Soon, even the "rich" will be slurpin'' down KoolAid from Obama''s stand.

[tawpdawg11]

I hope all you rich folk got the message to SELL! SELL! SELL! first thing Monday morning loud and clear. Boy!......"INVESTING" can be rough! Don''t you just hate it when your "FUND" buys high and sells low?

I think I''ll just stick to an occasional day at the racetrack.

[loneeagle57]

Has anyone posting lost their home to foreclosure?


I haven''t however two neighbors and a relative of mine have. My wife lost her job and we are struggling. About to lose the only car we have. Wanna tell me again that everything is ok jacka ss

[jgg000]

Actually, the indicators for the economy are''nt bad.
Interests rates are low, unemployment is low, and the devalued dollar has spurred foreign trade.
Unfortunately, it benefits some to make it appear that the sky is crashing down on our heads. It is not. The number of foreclosures is less than 1% of all mortgage holders. Go to the mall, restaurants, sporting events, concerts, they are all packed. Where are those people getting their money. Has anyone posting lost their home to foreclosure? In the case of Indy bank, Charles Schumer took it upon himself to usurp the bank''s management by screaming "fire" and forcing a run on the bank. Fear moves 3 times as fast as greed. Sit tight and wait it out.

[loneeagle57]

Will Phil Gramm continue to tell us the basics of the economy is still sound? _____________________________


yep

[vranger]

starleo14672, OBVIOUSLY you are exactly one of the people I''m talking about. LOL

You don''t have a single clue.

[apprxam]

You know what''s funny about all of this? Who outside of So. Cal has even heard of this bank, and it''s the largest bank failure in history! Come Monday, we''re in for a rude awakening.

Will Phil Gramm continue to tell us the basics of the economy is still sound? RePugnaCons have really f*cked sh*t up this time.