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        IndyMac Bank Re-Opens Under FDIC Supervision | The Study of Economics

        PASADENA, CA - JULY 14: Hundreds of customers wait in line to get into an IndyMac Bank, open for the first time since the July 11 federal government takeover of the thrift, on July 14, 2008 in Pasadena, California. IndyMac, which was already in trouble because of it's subprime mortgages with people with bad or no credit history, was shut down three hours early on a Friday and remained closed over the weekend after customers withdrew $1.

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