The Office of Thrift Supervision shuts down mortgage lender IndyMac and transfers the operations to the Federal Deposit Insurance Corporation. That’s the headline from a CNN story dated 7:30pm today. The story goes on to say “This institution failed today due to a liquidity crisis,” OTS Director John Reich said. I just posted an article [...]
Filed under: Economy | Tagged: 401k, Fannie Mae, Federal Reserve, Freddie Mac, helicopter ben, IndyMac, liquidity crisis, market crash, ml-implode.com | Leave a Comment »
