michael perelman wrote: > What explains why the successful treatment of IndyMac has not been repeated > with the TBTF operations? Is it that IndyMac was not part of the old boys > club?
It's likely that the IndyMac take-over/rescue occurred when the financial powers that be were still in denial (or, more charitably, that the full nature of the financial crisis had not been revealed yet) and the FDIC was simply following standard operating procedures. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
