{"id":195385,"date":"2008-07-12T19:09:00","date_gmt":"2008-07-13T00:09:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/07\/12\/fdic-seizes-indymac\/"},"modified":"2008-07-12T19:09:00","modified_gmt":"2008-07-13T00:09:00","slug":"fdic-seizes-indymac","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/07\/12\/fdic-seizes-indymac\/","title":{"rendered":"FDIC Seizes IndyMac"},"content":{"rendered":"<p>Ye&#8217;, Angelo &#8220;The Tanned One&#8221; Mozilo&#8217;s other project IndyMac bank has <a href=\"http:\/\/www.latimes.com\/business\/la-fi-indymac12-2008jul12,0,6071779.story\">been seized by the FDIC<\/a>.  It is the second largest bank failure ever.<\/p>\n<p>Note that IndyMac was <span style=\"font-weight:bold;\">not<\/span> subprime lender, they did &#8220;Alt-A&#8221; loans which are the bottom end of the prime market.<\/p>\n<p>We will be seeing more of this.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ye&#8217;, Angelo &#8220;The Tanned One&#8221; Mozilo&#8217;s other project IndyMac bank has been seized by the FDIC. It is the second largest bank failure ever. Note that IndyMac was not subprime lender, they did &#8220;Alt-A&#8221; loans which are the bottom end of the prime market. We will be seeing more of this.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,1004,985],"tags":[],"class_list":["post-195385","post","type-post","status-publish","format-standard","hentry","category-bubble","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195385"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=195385"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195385\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=195385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=195385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=195385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}