IndyMac Going Down
Read the full article: http://www.money-rx.com/blog/2008/06/indymac-slide-triggers-...
As Indymac's share price crossed into sub-dollar area (81 cents as of now), warnings are starting to emit out of Wall Street and Washington. The same format applies - Mortgage security values and share prices plummeting, bankruptcy warnings, customers withdrawing funds, a run on the bank, class action lawsuits alleging SEC violations, calls for a federal bailout, effect on the linked financial ecosystem, etc. Here's a laundry list of IndyMac's troubles
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