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Economy: Bank Failure / IndyMac #898597

ABC Evening News for Monday, Jul 14, 2008
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(Studio: Charles Gibson) The high anxiety over the nation's banking system due to the mortgage crisis introduced.

(Pasadena, California: Lisa Fletcher) The failure of the IndyMac bank, which had a questionable history of sub-prime loans, featured; scenes shown from Pasadena, California, of people in line to get their money; details given about the extent of uninsured money. [Depositors Florida LYNETT†, Bobbie ENG†, WOMAN, Bronzell CARTER†- worry about the rules and their money.] [IndyMac Federal Bank CEO/FDIC COO John BOVENZI†- says the money is safe.]

(Studio: Charles Gibson) Report introduced.

(New York: Ryan Owens) The rumors of other regional banks at risk examined; statistics on banks in trouble and available FDIC money cited. [Keefe Bruyette and Woods equity strategist Frederick CANNON†- comments on the small institutions.]

Gibson, Charles;
Fletcher, Lisa;
Owens, Ryan

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