Customers Line Up to Remove Deposits from Failed IndyMac Bank
July 15th, 2008That’s IndyMac Federal Bank now.
Via: Los Angeles Times:
As thousands of customers waited hours in the heat Monday to withdraw deposits from failed IndyMac Bank, investors dumped the stocks of many mortgage lenders, precipitating the steepest one-day decline in banking shares since 1989.
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“In a bank run it is every man for himself.”
Ancient American Proverb circa 2008