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A blog about Business & Finance and Politics.
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Boycott the Bakersfield Business Conference! San Joaquin Bank is done! San Joaquin Bank Chairman selling his Coastal Mansion Crisp and Cole staffer going to the pokey... Jose Arredondo closing the Delano Chrysler store Reich-Wing Czar stupidity called out! Racist CONservatives looking for great White Hope (McCarthy?) Has Bakersfield.com and other local websites becoming irrelevant?The tv stations are even worse. Tea bag movement shrivels... Bright House is a joke! November 06 December 06 January 07 February 07 March 07 April 07 May 07 June 07 July 07 August 07 September 07 October 07 November 07 December 07 January 08 February 08 March 08 April 08 May 08 June 08 July 08 August 08 September 08 October 08 November 08 December 08 January 09 February 09 March 09 April 09 May 09 June 09 July 09 August 09 September 09 October 09 November 09 
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IndyMac taken over SAN FRANCISCO (MarketWatch) -- U.S. banking regulators said Friday they have closed IndyMac Bancorp Inc., the biggest retail bank to succumb to the ongoing U.S. subprime mortgage crisis.
The Federal Deposit Insurance Corp. said in a statement it will take over operations of IndyMac (IMB: which had total assets of $33.01 billion and total deposits of $19.06 billion as of March 31.
Shares of IndyMac fell more than 10% after hours, to 25 cents.
Serious questions about IndyMac's viability had been raised earlier this week, when the Pasadena, Calif.-based company said regulators told it that it isn't "well capitalized."
Appearing on “Larry King Live” in 1995, Jesse Helms, then the senior senator from North Carolina, fielded a call from an unusual admirer. Helms deserved the Nobel Peace Prize, the caller gushed, “for everything you’ve done to help keep down the niggers.” http://www.nytimes.com/2008...
I hope these people land on their feet NEW YORK (Fortune) -- To understand what went wrong at Lehman Brothers, leave the canyons of Wall Street and head to the flatlands of Bakersfield, 120 miles northeast of Los Angeles. That's where you'll find McAllister Ranch, envisioned as a 6,000-home, multibillion-dollar recreational community built around a Greg Norman-designed golf course, boating and fishing waters and a beach club. Now McAllister is three-square miles of fenced-off, almost lunar landscape punctuated by a half-finished clubhouse and a golf course gone to weeds. So far Lehman's bets on McAllister and other real estate plays in Southern California's Inland Empire have cost Lehman at least $350 million http://money.cnn.com/2008/0...
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