http://www.nytimes.com/2008/07/12/business/12indymac.html?_r=1&ref=business&oref=slogin
In the days after Mr. Schumer's letter was released on June 26, IndyMac customers withdrew an average of $100 million a day from the bank, or a total of $1.3 billion, the government said. Before Mr. Schumer's letter, the bank had been receiving net inflows of money from depositors, Mr. Reich said. On Mon, Oct 13, 2008 at 3:14 PM, Gruss Gott <[EMAIL PROTECTED]> wrote: >> Sam wrote: >> The main vehicles. >> The $1 trillion in bad mortgages caused people to stop investing in >> banks. With banks not able to get more money ...collapse. >> > > 0_0 > > > Um, no. Your first clue that you have no idea what you're talking > about should be that $700m doesn't even begin to address the problem. > Secondly, not every sub-prime is defaulting and not even a majority of > sub-primes are in default. Thirdly it's not investment in banks that > is the problem. Fourthly ... ah forget it. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:274102 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
