Best Answer: I work for IndyMac and am devastated with this outcome. Mr. Schumer panicked depositers & shareholders alike. He caused thousands of people to lose their jobs and millions of shareholders to lose money. I can only hope that what comes around goes around and that he is not re-elected. I’m.
"Well, Jane, I’m down here at Indymac and there’s still no sign of a bank run. This is a big surprise given the recent news about the bank." And Jane replied, "Thanks, Jimmy! Keep us posted and be sure to let us know at the first sign of a run on the bank." What happened a day later? A run on the bank! Color me surprised.
Whether or not Schumer and the CRL orchestrated the bank run, within 11 days of Schumer’s revelations, depositors withdrew more than $1.3 billion from IndyMac. A bank that at its peak in March of 2008 had held $32 billion in assets was sold to Paulson and Soros’ holding company for $13.9 billion in a deal that closed in March of 2009.
IndyMac is a ship of fools and they landed on the rocks! Blaming Senator Schumer is the same as blaming God for creating the heavens and the earth! Had God not done it, IndyMac would have never existed to be doomed to failure! Nice try, no cigar!
CCAR is an assessment of the capital adequacy and capital planning of large bank holding companies. The frb approved 34 capital plans (three with conditions) out of 35 participants.. IndyMac: Mini Bank Run, Thanks to Schumer .
FHASecure – Will the Real Numbers Please Stand Up? HUD’s Federal housing administration (fha) is on target to insure over 240,000 FHASecure home loans in fiscal year 2008, nearly two and one-half times the number served in fiscal year 2007.Since the creation of FHASecure three months ago, FHA has received more than 113,000 refinance applications from families whose loans are current or.
In 2008 indymac faced a bank run after senator. Over the 11 days following the public release of his letter depositors withdrew over $1.3 billion from IndyMac. Schumer was right; the bank was in trouble due to its mortgage holdings. This is another case where problems in credit spilled over into liquidity problems when investors lost confidence in.
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