Feds assume control of IndyMac
Customers wait outside of the IndyMac headquarters in Pasadena for the bank to open. The FDIC took over ailing IndyMac bank on Friday. (Al Seib / Los Angeles Times)
IndyMac headquarters in Pasadena. The federal regulators who seized IndyMac Bank late last week reiterated Sunday that its branches would be open as usual Monday morning. (Al Seib / Los Angeles Times)
A long line forms outside the IndyMac headquarters in Pasadena before the bank’s opening Monday morning. (Al Seib / Los Angeles Times)
Customers wait outside of the IndyMac branch in Irvine. Officials of the Federal Deposit Insurance Corp. sought to assure customers -- at least those who had less than $100,000 deposited or less than $250,000 in a retirement account -- that their money was safe and would be fully accessible today. (Allen J. Schaben / Los Angeles Times)
A customer peers in the widow while joining dozens of concerned people lining up at the Irvine branch of IndyMac Federal Bank on Monday. (Allen J. Schaben / Los Angeles Times)
A poster behind customers lined up at the Irvine branch of IndyMac Federal Bank says, “You can count on us.” The FDIC took over ailing IndyMac Bank on Friday and opened Monday under new management of the federal government. (Allen J. Schaben / Los Angeles Times)
The line outside of the IndyMac headquarters in Pasadena wraps around the block. (Al Seib / Los Angeles Times)
