Comments on: BREAKING: IndyMac Bank is Shut Down and Taken Over by Feds

By: Mario Oyunlari

Mario Oyunlari — Sun, 27 Jul 2008 17:56:42 +0000

This is really really not good. Monday should be an interesting day to see how Wall Street reacts to this.

By: "Solution Drew"

"Solution Drew" — Tue, 22 Jul 2008 02:51:34 +0000

It’s an interesting conundrum.

The banks are charging hefty fees just to keep your money in the bank, in fact an account with $100 would be dissipated in 2yrs by fees and charges if left untouched.

People are pulling there money out and keeping it their mattresses all over again and the banks are suffering.

By: Fannie, Freddie, and Indy | SREC's Blog

Fannie, Freddie, and Indy | SREC's Blog — Fri, 18 Jul 2008 19:40:01 +0000

[...] guys, you’ve got to check out the latest article that I wrote regarding Fannie Mae, Freddie Mac, and Indy Mac. There’s some crazy stuff going on that we [...]

By: Fannie, Freddie, and Indy | SREC's Blog

Fannie, Freddie, and Indy | SREC's Blog — Fri, 18 Jul 2008 19:01:46 +0000

[...] During the past week we’ve heard a ton about Fannie Mae, Freddie Mac and Indy Mac. [...]

By: Bill - GAC Credit Restoration

Bill - GAC Credit Restoration — Tue, 15 Jul 2008 19:37:28 +0000

Interesting development, it seems as though there’s another bank in the news today in California where people are standing in line to withdraw all of their money.

With FDIC Insurance, surely there shouldn’t really be a need for this?

By: Commercial Mortgage Lending - MasterPlan Capital - Glenn

Commercial Mortgage Lending - MasterPlan Capital - Glenn — Mon, 14 Jul 2008 17:33:49 +0000

To Mike: Boy were you right when you predicted the media hype!
Did you see the CNN headline about the Fed shoring up Fannie and Freddi? “Bail-Out” in big, bold print. These are quasi fedearl agencies; the fed had to stand behind them!

To Real Estate Saga: Your wrong about IndyMac weathering this storm.
They are finished. Equity investors have lost everthing and the bank will be sold with-in 90 days.

They shared some underwritting software with me free of charge when I started my company, it would have cost me ~$30,000. if I had to buy it or have a techie develop it for me. Thanks guys, and goodnight.

They were sound on the commercial side but too much Alt-A on residential.

By: Colin - Buying Florida Property

Colin - Buying Florida Property — Mon, 14 Jul 2008 14:03:22 +0000

As someone who has used Wachovia extensively over the past few years, I’d be surprised if they get into the same sort of trouble (maybe the extensive write-offs they’ve posted really did clean out the mess?). We’ve found them more and more difficult to deal with for the past year or more as they’ve been tightening things up, even in their Worlds Savings business. So much so that we’ve looked for alternatives, both for our business and our clients.

But these days, never say never – anything is possible with any of these banks as far as financial stability is concerned.