Regulators to run IndyMac until buyer found – Yahoo! News via kwout
All that is missing is the sound of the trumpet and the appearance of the four horsemen for the banking system.
Update 7/14/2008: More info.
2nd Largest Bank Failure in US History Today
11 Friday Jul 2008
Val Fitzgerald said:
I’m looking for the 1st Largest Bank Failure in US History. I’m sick of seeing that IndyMac is the 2nd–that’s all you ever hear. What was the 1st largest bank failure in US history–and WHEN?
Any reply will be greatly appreciated. Thanks–
–Val
Mark said:
Largest bank failure in U.S. History, after 1934, Continental Illinois National Bank & Trust (Chicago) 1984, 40.0 Billion
Worst year for bank closings, 1989, 534 banks closed their doors. IndyMac will probably come in third on the list.
Mark