iPhone and IndyMac

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Always an exciting day in town when the Feds take over a local bank and hundreds of people line up for iPhones.

I made it the IndyMac shutdown- didn't draw the crowds that iPhone did, but there was a little more drama to it- locked bank doors, security guards yelling at photographers and reporters to move away from the bank, a woman pounding on the bank doors and pleading to get her money withdrawn.

It didn't come near the scene at Northern Rock, the British bank that collapsed, but that is probably a good thing.

2 Comments

laissez said:
Before Indymac you had to go crawling on your belly to old man Potter to get a mortgage.
AP said:
Can the Mets PLEASE lose a game!?

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UNDER THE DOME

Dan Abenschein
Pasadena -- news, politics and gossip. Send tips, rumors, rants to Dan Abendschein dan.abendschein@sgvn.com.

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This page contains a single entry by Dan Abendschein published on July 11, 2008 5:36 PM.

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