garsonvonah

Banking on Bailouts: How Many IndyMacs Are Out There?

One great benefit for other banks (who are also not doing well that serve the same area as IndyMac) is that Depositor's money drained from InyMac will go to them. As IndyMacs' deposits are in the thirty billion dollars or so range, that will greatly ease the capitalization of those other poor performing banks. JUST MAYBE INDYMACS DEMISE IS A GOOD THING!