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Rabbit Hole Recap #234: Where's the money, Barry?!

Rabbit Hole Recap

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FDIC Takes Over Indy Mac

FDIC took over Indy Mac because they were failing. And there was this massive, massive bank run. The insured amount for each account at a US FDIC bank that the government will essentially print money to cover all that up and pay back to positives. In 11 business days before the FDIC takeover, frustrated depositors withdrew more than $1.3 billion from Indy Mac. Another troubling sign, tumbling stock prices at other major banks.

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