JUST GOT THIS EMAIL TODAY FROM A FRIEND =(!!
IndyMac Bank, a prolific mortgage specialist that helped fuel the housing
boom, was seized Friday by federal regulators in one of the largest bank
failures in U.S. history. The thrift was one of the largest savings and
loans in the country, with about $32 billion in assets. It now joins an
infamous list of collapsed banks, topped by Continental Illinois National
Bank and Trust Co., which failed in 1984 with $40 billion of assets. The
bank will be run by the Federal Deposit Insurance Corp., a federal
regulator, and will reopen Monday.
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WHAT ARE YOUR THOUGHTS???