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

by Joshua Dorkin | July 11, 2008

INDYMAC IS OFFICALLY CLOSED!!!
In the past minutes newswires around the country and world are now reporting that the Federal Government has shut down IndyMac Bank and has handed it to the FDIC (Federal Deposit Insurance Corp.) as conservator.
Couple the shut down with the Fannie Mae/Freddie Mac troubles, and we’re in for some really rocky waters [...]

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