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Indy Mac Bank, That's It Folks

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Monday first day of Biz with FDIC - technically over weekend you could do couple of things with internet and ATM machine.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: videorizing

Length: 02:28
Rating: 4.81
Views: 61662

Tags: Bank  IndyMac  mortgage  

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videorizing (November 30, 1999 at 12:00 am)
Flash - Gold at 801.
videorizing (November 30, 1999 at 12:00 am)
Flash Kuwait Daily - reporting that US asking for 300 billion to assist in financial crisis. I have believed this is why Obama was pushed by the establishment - because of his backround etc. - to get rich Arab Muslim countries to come up with big aid packages. We will see more of this "aid seeking" in Jan.
videorizing (November 30, 1999 at 12:00 am)
Flash - - That's It Folks for DOWNEY SAVINGS -- - FDIC taking over. Also over for PFF BANK & TRUST OF POMONA. Community Bank in Georgia also bites the dust. Surprisingly the Wall St. casinos got the market to jump around 400 today.
videorizing (November 30, 1999 at 12:00 am)
Flash - AP will cut up to 10% of employees. Weather channel making some cuts.
videorizing (November 30, 1999 at 12:00 am)
Flash - Dow down 21.
videorizing (November 30, 1999 at 12:00 am)
Flash - - Condo prices in Palm Beach County, Florida - down 40% -- Housing Bubble - my impression - many condos will have to become rentals.
videorizing (November 30, 1999 at 12:00 am)
Flash - breaking - Citigroup thinking of selling company - or breaking it up and selling pieces. Wall St. Journal
videorizing (November 30, 1999 at 12:00 am)
Flash - pirates want 25 million for oil tanker. They say taking value of ship and cargo into account.
videorizing (November 30, 1999 at 12:00 am)
Flash - Citigroup stock continues to sink - looking for a partner - or rich investors - Saudi prince increasing his holdings - but only 1% more - they may have to ask for more federal funds.
videorizing (November 30, 1999 at 12:00 am)
Flash - US Govt. owned Freddie Mac and Fannie May - have a Christmas gift - no foreclosures before Jan. 9 - and no need to pay mortgage either until that date -- of course the mortgage payers will not pay then either - notice convenient date for O taking over - he will have to extend program.

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