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Topic: IndyMac
lemondropkid2008 Joined Sat 01/19/08 Posts: 282	Sat 07/12/08 07:04 PM
So with indymac going belly up and over 10,000 people lossing their money....does anyone else think there will be more banks go belly up...???

Unknow Joined Fri 10/06/06 Posts: 4066	Sat 07/12/08 07:06 PM
Yes I could see alot more..I truley beleive we heading for a depression..The housing market is already there..

Tankk Joined Tue 03/11/08 Posts: 1450	Sat 07/12/08 07:06 PM
I don't understand why someone would keep over 100k in a bank thats in trouble...not that I want anyone to lose any money.

lemondropkid2008 Joined Sat 01/19/08 Posts: 282	Sat 07/12/08 07:08 PM
I don't understand why someone would keep over 100k in a bank thats in trouble...not that I want anyone to lose any money. Not to mention 10,000 people.....

Fanta46 Joined Sat 11/11/06 Posts: 29361	Sat 07/12/08 07:09 PM
I hope not, but with the Senate talking about giving Fannie Mac and Fannie Mae direct access to Fed Res funds to keep them afloat, Id say the value of the dollar will go wayyyyyyy down!

Fanta46 Joined Sat 11/11/06 Posts: 29361	Sat 07/12/08 07:20 PM
So with indymac going belly up and over 10,000 people lossing their money....does anyone else think there will be more banks go belly up...??? The paper says IndyMac will open up on Mon under a new name and FDIC supervision!

littleredhen Joined Sat 01/12/08 Posts: 6837	Sat 07/12/08 07:33 PM
Nah, the recession is all in your head, Interest rates are down! Just go borrow more & buy whatever you hear desires! Wal mart has everything, & you can charge it! As long as you keep buying it will be OK! Do you need another stimulas check?

Fanta46 Joined Sat 11/11/06 Posts: 29361	Sat 07/12/08 07:41 PM
Nah, the recession is all in your head, Interest rates are down! Just go borrow more & buy whatever you hear desires! Wal mart has everything, & you can charge it! As long as you keep buying it will be OK! Do you need another stimulas check? Do you remember when people used to wear cars out? What happened? Now almost everyone drives a new one!

Fanta46 Joined Sat 11/11/06 Posts: 29361	Sat 07/12/08 07:43 PM
Me thinks before long more people will be wearing them out again!

lemondropkid2008 Joined Sat 01/19/08 Posts: 282	Sat 07/12/08 07:45 PM
Me thinks before long more people will be wearing them out again! How can they wear them out when they can't afford the gas to put in them to wear them out....

Fanta46 Joined Sat 11/11/06 Posts: 29361	Sat 07/12/08 07:52 PM Edited by Fanta46 on Sat 07/12/08 07:53 PM
Me thinks before long more people will be wearing them out again! How can they wear them out when they can't afford the gas to put in them to wear them out.... I thought about that after I made the post!! LMAO Cant say!!

littleredhen Joined Sat 01/12/08 Posts: 6837	Sat 07/12/08 08:00 PM
Nah, the recession is all in your head, Interest rates are down! Just go borrow more & buy whatever you hear desires! Wal mart has everything, & you can charge it! As long as you keep buying it will be OK! Do you need another stimulas check? Do you remember when people used to wear cars out? What happened? Now almost everyone drives a new one! Easy credit, creditors requiring full insurance coverage, keeping up with the Joneses. I have been the last owner of all my vehicles, except one I bought quickly because I needed wheels & it was a deal. I paid 1500.00 drove it for 10 months & sold it for 1600.00

littleredhen Joined Sat 01/12/08 Posts: 6837	Sat 07/12/08 08:01 PM
Me thinks before long more people will be wearing them out again! How can they wear them out when they can't afford the gas to put in them to wear them out.... Good point!

Fanta46 Joined Sat 11/11/06 Posts: 29361	Sat 07/12/08 08:10 PM Edited by Fanta46 on Sat 07/12/08 08:10 PM
Maybe they will invent a mentally powered car soon! Mentally powered and Psychologically driven!

littleredhen Joined Sat 01/12/08 Posts: 6837	Sat 07/12/08 08:16 PM
That's scary with all the idiots out on the hiway!

Fanta46 Joined Sat 11/11/06 Posts: 29361	Sat 07/12/08 08:20 PM
That's scary with all the idiots out on the hiway! What's scary is that with all the problems going on in America today, people are still planning on voting Republican in Nov!! That's scary!!

Fanta46 Joined Sat 11/11/06 Posts: 29361	Sat 07/12/08 08:21 PM Edited by Fanta46 on Sat 07/12/08 08:21 PM
Then watch how many incumbents keep their jobs in Congress! Scary chit!!!

littleredhen Joined Sat 01/12/08 Posts: 6837	Sat 07/12/08 08:24 PM
Almost all incombants need to go. Both parties are corrupt. I still don't know who to vote for.

littleredhen Joined Sat 01/12/08 Posts: 6837	Sat 07/12/08 08:33 PM
Getting back to IndyMac closing, If I had much money in savings, I'd be splitting it up between several banks. Everyone ought to get prepared for a run on the banks, stock up on essentials & have some cash in the house. I am from Hurricane country & I am preparing.

willy_cents Joined Sat 07/14/07 Posts: 4471	Sat 07/12/08 08:38 PM
hmmmm...just read on Yahoo that 5 banks have gone tits up this year. That is way below the average of 155 per year, and way below the S&l crisis of several years ago when 7500 s&l's went under in one year. Besides, Indymac is an s&l, not a bank