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IndyMac: Mini Bank Run, Thanks to Schumer

Borrowers get some legal leverage in CFPB servicing rules "It’s very clear there is a need for enhanced consumer protections and clear servicing. of the new rules. "DeVos has removed those protections and prioritized the profits of servicers over helping.

Carrington’s Sharga: We are not creating another housing bubble IndyMac: Mini Bank Run, Thanks to Schumer Political IV: More On Schumer’s Loose Lips – New york times reported that hedge fund managers have a new champion in their effort to keep legally dodging the taxes the rest of us pay: none other than New York Senator Charles Schumer.

Schumer blasts Republicans for 'scorched earth tactics' The fall of IndyMac was pretty much guaranteed after Rep. Charles Schumer (D-N.Y.) published a letter stating. The letter-which was also sent to regulators-lead to a “run on the bank that rapidly.

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when that very warning helped cause a run on the bank," said bank analyst Jaret Seiberg of the Stanford Group in Washington. In the two weeks after Schumer’s warning, anxious IndyMac depositors.

IndyMac Collapses Under Financial Woes Customers of IndyMac faced closed doors Friday after federal regulators took over the California bank. Risky lending practices and a .3 billion bank run.

7/1/08 Housing Wire: IndyMac: Mini Bank Run, Thanks to Schumer: "As a result of Sen. Schumer making his letters public and the resulting press coverage, we did experience elevated customer inquiries and withdrawals in our branch network last Friday and on Saturday of roughly $100 million, about of 1% of total deposits," the bank said.

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Contents Fund. acpvx. 10/ 23. 11/ 18 Funds government bond Indymac: mini bank York senator charles schumer methods: advanced valuation methods: Schumer went gunning for IndyMac late last month, sending a letter to federal regulators that questioned the bank’s solvency. Word got out about Schumer’s concerns and we saw an old fashioned bank run.

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7/1/08 Housing Wire: IndyMac: Mini Bank Run, Thanks to Schumer: "As a result of Sen. Schumer making his letters public and the resulting press coverage, we did experience elevated customer inquiries and withdrawals in our branch network last Friday and on Saturday of roughly $100 million, about of 1% of total deposits," the bank said.