This is topic Oh, CRAP (IndyMac collapse) in forum Books, Films, Food and Culture at Hatrack River Forum.


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Posted by Brian J. Hill (Member # 5346) on :
 
Breaking news from the banking industry. I take back my earlier optimism about the dollar potentially strengthening. The foreign banks are gonna have a heyday . . .
 

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Posted by ludosti (Member # 1772) on :
 
That's the company that holds the mortgage on our house. They just called earlier this week (they call about once a year) to find out if we were interested in refinancing our mortgage. I wonder what will happen to us now....
 

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Posted by rivka (Member # 4859) on :
 

quote:

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Originally posted by ludosti:
I wonder what will happen to us now....

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Probably nothing for a while. Then your loan will most likely be sold off to another bank or servicer, I believe.
 

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Posted by HollowEarth (Member # 2586) on :
 
Frankly I think that if someone huge were to completely go under that might be a good lesson from this and mass stupidity that led to most of these problems.
 

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Posted by Mucus (Member # 9735) on :
 
I thought we were talking about *taking back* the optimism
 

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Posted by MightyCow (Member # 9253) on :
 
I'm not sure if crazy foreclosures, recession, and potentially trillions of dollars in debt going bad count as a "good lesson."
 

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Posted by Samprimary (Member # 8561) on :
 
Cool. Second largest bank flop evah.

We rule. Go us!
 

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Posted by ketchupqueen (Member # 6877) on :
 
This makes me never want to have more than $100,000 in any one particular bank (or $250,000 in an IRA.) Not that that's a danger right now, but, you know.
 

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Posted by James Tiberius Kirk (Member # 2832) on :
 
July 1: Indy Mac denies imminent failure rumors

--j_k
 

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Posted by Nato (Member # 1448) on :
 
I think the whole fractional reserve fiat currency system is in danger of collapsing, especially as the 500+ trillion derivatives market unfolds. Good luck, all!
 

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Posted by Sterling (Member # 8096) on :
 
"...Lenny Bruce is not afraid..."
 

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Posted by ludosti (Member # 1772) on :
 

quote:

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Originally posted by rivka:
Probably nothing for a while. Then your loan will most likely be sold off to another bank or servicer, I believe.

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