Monday, June 30, 2008

Bank runs, lender closure, all in a day's ruin

IndyMac tanking, and why do we care? It's the largest of the nation's independent lending insitutions, customers are running for withdrawals, and the company sent letters they are closing all loan/lending as of July 1. "Thanks for your business, catch ya on the flip side" essentially.

Oops. Another one bites the dust.

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