Where is George when you need him?
Check out this article http://www.latimes.com/business/la-fi-indymac12-2008jul12,0,6071779.story
If you are not getting through to your family and friends, then get this story to them. Remind them that this is what happened to George in the classic "It's a Wonderful Life". I wish I could say what was coming next, but I or no one else truly knows what is going to happen. We just look around and see what is going on and take notice. I consider myself a young buck of 34 yrs, but I have not heard or seen anything like what we are going through now.
This is just a simple quote from the article IndyMac:
"Citing a massive run on deposits, regulators shut its main branch three hours early, leaving customers stunned and upset. One woman leaned on the locked doors, pleading with an employee inside: "Please, please, I want to take out a portion." All she could do was read a two-page notice taped to the door."
Now put yourself in this person shoes. Imagine a few weeks from now wanting to get your paycheck out of the bank and being told not today. Please come back and try again on Monday. I would be foaming at the mouth. This is really making me question if I should start to get a paper check at the job? How is this going to affect direct deposit? Guess it is time to make my own bank in my moat.
Please help spread the word about what is going on. Point your family and friends to my blog or others. There are many of us out here and have great insight and info.
Working on the moat...