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Gov shuts down lender IndyMac - 7/11/2008 11:00:25 PM

Lockit

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http://www.comcast.net/articles/news-general/20080711/IndyMac/

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RE: Gov shuts down lender IndyMac - 7/11/2008 11:26:04 PM

slvemike4u

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What are You worried about Lockit,despite the failings of large financial institutions ,we still have our own kink based community of well off individuals and they will assure You everthing is fine...(well for them anyway)

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RE: Gov shuts down lender IndyMac - 7/11/2008 11:35:37 PM

Lockit

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LOL... I was pretty well off at one time! Custom everything... now... hehe the other end of custom... used... personalized... down right... old and broken... but hey I own it and it is all mine! But the thing I miss most besides enough to pay all the bills... is the hot tub...

But it is sad... some may end up like me... the way things are going.

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RE: Gov shuts down lender IndyMac - 7/11/2008 11:41:54 PM

Thadius

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quote:

ORIGINAL: Lockit

LOL... I was pretty well off at one time! Custom everything... now... hehe the other end of custom... used... personalized... down right... old and broken... but hey I own it and it is all mine! But the thing I miss most besides enough to pay all the bills... is the hot tub...

But it is sad... some may end up like me... the way things are going.

I know that feeling. Although it does make you appreciate the little things a bit more. I am not out of the woods yet, but definitely recovering, even if it is a slow process.

I was just thinking though, about the people that are gonna realize that their accounts were only covered for so much under the FDIC, and how many had planned for it by having multiple accounts.

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RE: Gov shuts down lender IndyMac - 7/11/2008 11:59:24 PM

Lockit

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Being in Michigan is it hard to recover! lol Yikes... been there done that. That's where I basically lost my tail end. I moved there and had never seen anything like it and wondered if I had made a really bad move, but it is where I did my best... till I lost it all. Career wise it was great for me, but I made much more in California.

I hope you are able to keep going strong! It's looking pretty rough out there, but stay positive and strong!

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RE: Gov shuts down lender IndyMac - 7/12/2008 12:10:20 AM

Hippiekinkster

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quote:

ORIGINAL: Thadius

quote:

ORIGINAL: Lockit

LOL... I was pretty well off at one time! Custom everything... now... hehe the other end of custom... used... personalized... down right... old and broken... but hey I own it and it is all mine! But the thing I miss most besides enough to pay all the bills... is the hot tub...

But it is sad... some may end up like me... the way things are going.

I know that feeling. Although it does make you appreciate the little things a bit more. I am not out of the woods yet, but definitely recovering, even if it is a slow process.

I was just thinking though, about the people that are gonna realize that their accounts were only covered for so much under the FDIC, and how many had planned for it by having multiple accounts.

Well, I doubt there are very many people who have 100K sitting around in a bank. When I had that much to play with, I made it work a little harder.

I'm thinking that we'll see more of this happening. I read the CEO's bandaid-du-jure about stopping making loans. Well, money is a bank's inventory and, like any business, inventory has to be turned. Just having people keep their money with a bank and servicing the existing loans is not a brilliant business strategy (Where do they find these idiots for CEOs, anyway?).

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