OMG. Deja Vu Alert! INDYMAC is not a "bank", it's a Savings and Loan!

[elehhhhna]

Aha! We have another Bush Administration AND another S&L crash. Hmmmm. Don't you find it puzzling that the M$M is not calling this S&L an S&L?



Michael W. Perry
Chairman and CEO
Indymac Bank
October 12, 2007

... As the 7th largest savings and loan and the 2nd largest independent mortgage lender in the nation, Indymac Bank provides cost-efficient financing for the acquisition, development, and improvement of single-family homes.

[Mojambo]

1. With McCain as their nominee the last thing the Repubs want to talk about is S&L. n/t

[Turbineguy]

2. Indymac

was a front-runner in liar loans and other imaginative ways to earn mortgage fees.

[morgan2]

3. indymac's been doing the same things before Bush came to office

Bush can be blamed for a lot but the mortgage industry started its shannigans long before he took office.

[hedgehog]

4. Shhhhhh...... one must never speak evil of the times before 2000.

All was sweetness and light back when the best Democratic President ever was in office......

[NNN0LHI]

7. OK we have had a Rethug president 20 out of the last 28 years

So who would you suggest is more to blame?

Don

[elehhhhna]

9. No kidding!

[rwenos]

5. All Banks, All S&L's Will Soon Be . . .

Bank of America.

Except of course for the Federal Reserve, which will be run by Bank of America contractors.

Call me paranoid, but BofA bought out Countrywide a few weeks ago. Look for the same to happen.

[Sal Minella]

6. Has anybody seen Neil Bush lately???

[Fire Walk With Me]

8. I can say Neil Bush. Everyone should be saying "Neil Bush".