indymac

The financial crisis was produced by a complex set of circumstances, including a massive housing bubble, poor regulation and irresponsible lending on an epic scale. A handful of bankers became the public faces of the crisis, and now, two years later, we take a look at what became of them.

After rumors were publicized Tuesday in The New York Post that CIT's (CIT) creditors, including John Paulson & Co, were considering a merger of CIT into IndyMac, its stock shot up on the hope that a rescue plan was in place. Wednesday morning, The Wall Street Journal killed any remaining hopes...

Wilbur Ross isn't happy about a proposed overhaul of the rules that govern deals between the government and private investors for the assets of failed banks. Ross, who runs WL Ross & Co., joined with a handful of other big private-equity investors to buy the remains of Florida's BankUnited...

After customers of the bank formerly known as IndyMac waited in blistering heat to get their life savings out of the bank many are finding out that the piece of paper they just got may not help them out so much after all. The LA Times reports that WaMu is placing an 8 week hold on checks issued...

The federal takeover of IndyMac bank has consumers worried. How do they protect their deposits and make sure they get their money back if they need or want it? This is a legitimate concern. After all, banks are supposed to be a safe place to put our money, aren't they?The Federal Deposit Insurance...

Over the past weekend it was announced that IndyMac was being taken over by the FDIC after customers began a run on the bank, which had denied any solvency issues. Many customers had their life savings in the bank, whose accounts are protected by the FDIC, but not all of their funds were insured....

Ever since the explosion of IndyMac, we've been getting lots of e-mails from our readers, wondering, "just how safe is my money?" As someone who doesn't hold even five figures in her bank account, I'm not at much risk of losing my (ahem) life's savings. But you're frightened, so let me answer some...