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- Indymac: Schumer Caused Minor Bank Run
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Indymac Responds to Letters Sent by Senator Charles Schumer (hat tip Nemo) [A]s a result of Sen. Schumer making his letters public and the resulting press coverage, we did experience elevated customer inquiries and withdrawals in our branch network last Friday and on Saturday of roughly $100 million, about ½ of 1% of total deposits. And while branch traffic is somewhat elevated this morning, it…
Original Source
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30 June, 2008| housingblogs |
@ 22:36