Mortgage Meltdown: IndyMac Bank Run

The local news had footage of the bank run at an IndyMac branch.

I’ve never seen a run on a bank before, so it was interesting to watch.

There was a long line of customers outside the bank. A pair of security guards allowed a maximum of 10 customers inside the bank at any time.

Bank staff would not discuss how much money a customer could actually withdraw.

After IndyMac, the news segment transitioned to … a shot of a WaMu branch.

FDIC.gov: Failed Bank Information for IndyMac Bank
cnn.com: IndyMac customers could wait a week or more to access deposited funds

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