This logo will no longer be used. The bank formerly know as Indymac bank will now be called Indymac federal bank. What do you know...this coming days after Indymac laid off 2400 employees. This is the latest in collapses due to questionable lending practices during the most recent real estate boom. When is the downward spiral going to stop?
Nobody knows for sure, but right now Americans need to strap in and brace for the financial storm. Things are getting hairy and they are only going to get hairier in the coming months.
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