Search
Advertisement

Business - Money 101

| Digg | Facebook | Stumble It! | Delicious del.icio.us | Fark
E-mail | Print
Jul 15, 2008 7:48 pm US/Pacific

Police Called In To Tame Angry IndyMac Customers

ENCINO, Calif. (AP) ― Police have been called in to tame an angry throng of IndyMac Bank customers trying to pull money out of the Encino branch on Day 2 of a federal bank takeover.

At least three police squad cars showed up early Tuesday as tensions got heated outside the San Fernando Valley branch of Pasadena-based IndyMac.

Federal regulators seized Pasadena-based IndyMac on Friday and they opened yesterday under the control of the Federal Deposit Insurance Corporation. Deposits to $100,000 are fully insured by the FDIC.

(© 2008 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

From Our Partners

You need the latest Flash player to view video content.
Click here to download.

Click here to bypass this detection if you already have the latest Flash Player.

Business - Money 101

Top News Stories

Advertisement

© MMVIII, CBS Broadcasting Inc. All Rights Reserved.