Comments on: Another One Bites the Dust – How Bad is the IndyMac Failure? http://baglady.dreamhosters.com/2008/07/12/another-one-bites-the-dust-how-bad-is-the-indymac-failure/ Attempts at a Sustainable Lifestyle... Sat, 21 Nov 2009 16:47:07 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Sam http://baglady.dreamhosters.com/2008/07/12/another-one-bites-the-dust-how-bad-is-the-indymac-failure/comment-page-1/#comment-2114 Sam Mon, 14 Jul 2008 04:57:40 +0000 http://baglady.dreamhosters.com/2008/07/12/another-one-bites-the-dust-how-bad-is-the-indymac-failure/#comment-2114 IndyMac’s failure is a lesson to everyone that overborrowing - whether it’s for a mortgage, student loan, credit card, or anything - is always bad, and always catches up with you in the end. Overlending, lending to unqualified borrowers, is equally bad and is what killed IndyMac. Please be safe out there. IndyMac’s failure is a lesson to everyone that overborrowing – whether it’s for a mortgage, student loan, credit card, or anything – is always bad, and always catches up with you in the end. Overlending, lending to unqualified borrowers, is equally bad and is what killed IndyMac.

Please be safe out there.

]]> By: John back pain Austin http://baglady.dreamhosters.com/2008/07/12/another-one-bites-the-dust-how-bad-is-the-indymac-failure/comment-page-1/#comment-2112 John back pain Austin Sun, 13 Jul 2008 14:46:39 +0000 http://baglady.dreamhosters.com/2008/07/12/another-one-bites-the-dust-how-bad-is-the-indymac-failure/#comment-2112 Those with multiple accounts under $100,000 but combined are more that $100,000. are probably screwed. During the S & L mess I had a friend with three accounts each under $100,000 that totaled $230,000. She was reimbursed a total of $100,000. Those at the S & L assured her all the money was insured. There was another S & L across the street. She lobbied Congress to no avail. Those with multiple accounts under $100,000 but combined are more that $100,000. are probably screwed. During the S & L mess I had a friend with three accounts each under $100,000 that totaled $230,000. She was reimbursed a total of $100,000. Those at the S & L assured her all the money was insured. There was another S & L across the street. She lobbied Congress to no avail.

]]>