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