Employees await word of fate after IndyMac deal

Local employees of IndyMac retail mortgage branches were in news-waiting mode yesterday, a day after the company announced it would stop taking new loans and would lay off more than half of its workforce.

[Long Island and Foes]

Good bye Indymac!!! You can only get away with a chop shop operation for so long until you get caught. You messed with the little people now it's time for the Feds to come down on you like the other thefts that working like your company.

[Deo Jeffrey]

Well I hope the people who are in charge, are actually taking charge, and not taking any other opinions from its low class leaders.

[jim]

Schumer should not be making off handed comments about publicly traded companies . HEY SEC investigate the CLOWN

[joe]

another greedy bank gets what they deserve i KNOW they knew what they were doing

[Richard Wadsworth]

Does this mean that loan officers might lose their jobs and have to camp out on their friends' couches?

[Dan]

jim wrote:

Schumer should not be making off handed comments about publicly traded companies . HEY SEC investigate the CLOWN

Its no secret that indymac is in a death spiral. For months its been offering cd/money market rates that are much higher than everyone elses as a way to get capital. Meanwhile guess who gets the bill for all those FDIC insured deposits when the bank finally fails? The US Taxpayer.