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IPFS News Link • Economy - Economics USA

Bank Failure: IndyMac as financial troubles spread

7-11-2008 • Reuters

U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history. California-based IndyMac, which specialized in a type

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