Hundreds Wait Hours to Withdraw IndyMac Funds

Hundreds of customers lined up outside IndyMac branches throughout the Southland Monday to withdraw their money from the failed financial institution. The Federal Deposit Insurance Corporation took over IndyMac after the cut-rate mortgage lender failed under the weight of rising foreclosures, falling home prices and tighter credit. KPCC's Frank Stoltze visited the IndyMac branch in Pasadena.

blog comments powered by Disqus