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indymac

IndyMac Fears Spark Bank Run

July 18, 2008

The Motley Fool: Lessons From IndyMac. Last week, we learned that California-based IndyMac was seized by the FDIC. In the aftermath, customers made a run on the bank, pulling more than $1.3 billion from the vault.
Uh oh. The subprime crisis has claimed another victim. Although some commentators assert that certain banks are [...]

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