Bruce McQuain does an admirable job of explaining my estimation on the sub-prime meltdown quoting a 1999 article in the New Work Times:
In a move that could help increase home ownership rates among minorities and low-income
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IndyMac Bank, a prolific mortgage specialist that helped fuel the housing boom, was seized Friday by federal regulators, in the third-largest bank failure in U.S. history.
IndyMac is the biggest mortgage lender to go under since
Continue reading about Bye, IndyMac, And Thanks, Schumer, You Idiot
Sen. Charles E. Schumer publicly taunted bank regulators last week about IndyMac Bancorp’s financial condition, which helped trigger a sudden outflow of deposits from the Pasadena thrift. Now the New York Democrat is getting some harsh blowback from one current
