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IndyMac: Mini Bank Run, Thanks to Schumer. Shares in the lender have sat below the $1 low-water trading mark for nearly a week, and were up 8 percent to $.67 on the New York Stock Exchange in early trading Tuesday morning. Should the bank’s stock trade below $1 for an entire month, it would be in danger of delisting from the stock exchange.

IndyMac is a ship of fools and they landed on the rocks! Blaming Senator Schumer is the same as blaming God for creating the heavens and the earth! Had God not done it, IndyMac would have never existed to be doomed to failure! Nice try, no cigar!

 · The banking regulator said it closed IndyMac after customers began a run on the lender following the June 26 release of a letter by sen. charles schumer, D-N.Y., urging several bank regulatory agencies that they take steps to prevent IndyMac’s collapse.

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"Well, Jane, I’m down here at Indymac and there’s still no sign of a bank run. This is a big surprise given the recent news about the bank." And Jane replied, "Thanks, Jimmy! Keep us posted and be sure to let us know at the first sign of a run on the bank." What happened a day later? A run on the bank! Color me surprised.