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Feds take over mortgage lender Economy
score: +1
score: -1
score: 2, Economy, 2008-07-12 10:00:38, published by CNN
California-based IndyMac was closed down on Friday, the Federal Deposit Insurance Corporation announced. The bank's operations will be transferred to the FDIC. As of Friday, IndyMac had about $1 billion of potentially uninsured deposits held by about 10,000 depositors. It is the second-largest bank ... [additional details]