Tag: IndyMac

Bank run compliments of Congress?

Senator Chuck Shumer questioned IndyMac Bank’s growth, publicly. IndyMac responds (after noticing a jump in withdrawals last Fri/Sat).

While I find the whole grandstanding bit laughable, IndyMac’s response is peppered with FDIC assurances – that’s not particularly comforting.

(h/t to Calculated Risk)

UPDATE: Senator Shumer…please shut up.