Second Largest Bank EVER To Fail Did So Today--Entirely Separate from Fan & Fred

Regulators Seize Mortgage LenderBy Louis Story, The New York TimesBanking regulators seized IndyMac Bancorp, one of the country’s largest mortgage lenders, on Friday evening. [July 11, 2008]The bank, a star in the subprime era, is the second largest ever to fail and the first major bank to shut its doors since the savings and loan crisis of the 1980s.The bank collapse came after a frenzied week