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Cops to IndyMac customers: Remain calm or face arrest
Daily News Wire Services
Wednesday, July 16, 2008
Police ordered angry customers lined up outside an IndyMac Bank branch to remain calm or face arrest Tuesday as they tried to pull their money on the second day of the failed institution’s federal takeover.
At least three police squad cars showed up early Tuesday as tensions rose outside the San Fernando Valley branch of Pasadena-based IndyMac.
Federal regulators seized Pasadena-based IndyMac on Friday and reopened the bank Monday under the control of the Federal Deposit Insurance Corporation. Deposits to $100,000 are fully insured by the FDIC.
(Article continues below)
Worried customers with deposits in excess of insured limits flooded IndyMac Bank branches on Monday, demanding to withdraw as much money as they could or get answers about the fate of their funds.
When it was clear some wouldn’t get in before closing, FDIC employees apparently took down names and told them to return Tuesday.
Other customers began lining up at 1:30 a.m. Tuesday, and by dawn, tensions escalated because people on the list were getting priority.
By 8 a.m., about 50 people on the list waited in one line and many more waited in another.
Five people were allowed in at a time.
Customers became infuriated, and police told them they could be arrested if they didn’t remain calm.
Police stood by at some other branches around Southern California but there were no other reports of problems.
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19 Responses to “Cops to IndyMac customers: Remain calm or face arrest”
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July 16th, 2008 at 5:20 am
now picture this scenario on a grand scale. 300 million angry people. theres not enough cops or miltary in the world who can handle that. its gonna be total bedlam. all the crazed black ski masked enforcers wont be able to handle suv driving yuppy scum when they realize they got took….it is then they will wake up it is then they will remember terrorstorm and endgame it is then they will take baseball bats, lead pipes and firearms and make short work of any and all personell who represent the establishment. i have to lol at the stupidity of the new world order for thinking they can defeat us so easily. we may be fat dumb and overfluorodated but we are a nation of mean ass barbarians aching for a good fight. and when they see who it is they have to fight…game over new world order. your rounding up of people to take em to fema camps wont work. you wil get sniped from treetops. iraq will look like kids play compared to crazy ass america. bank on that losers! and bohemian grove satan lucifer worshipping turdstains this video is for you!! http://www.youtube.com/watch?v=yWGzjcr4aHs your fav angel you like to worship is nothing
July 16th, 2008 at 5:47 am
There’s going to be a massive influx of new job seekers in the Pan-handling industry. Damn. I just got the job.
July 16th, 2008 at 6:32 am
this is madness…. ive been telling all my freinds for years, they are crazy for making themselves slaves to the dollar.. now look, pretty soon people wont be able to get the money they earned… not like this hasn;t happened before.. pay attention people…
” now the water is starting to boil, no one flinches, we all float face down”incubus… i love that quote
July 16th, 2008 at 7:44 am
I don’t understand these people. Everyone knows FDIC insurance only covers up to $100,000.00. Why don’t people with more than this amount have multiple accounts? The first rule of business is CYA - cover your ass. If you aren’t protecting your money - you are a fool.
July 16th, 2008 at 9:58 am
I suggest one massive, well organized, black masked, fully automatic, customer oriented, armed robbery.
It’s bad enough they’re gonna lose a ton of their cash, they shouldn’t be expected to wait around calm & orderly to get the fraction of what belongs to them.
These people just had their money stolen right outta their accounts…. There’s nothing calm or orderly abount that.
They should arm themselves & take their shit back in a crude & disorderly fasion!
July 16th, 2008 at 10:37 am
I would like to call this Fascism or perhaps Communism, but in these systems of tyranny the government officials control business and take away the personal freedom of the individual.
Since in America it is the New World Order elite, the bankers and industrialists who control the politicians, what shall we call this mess? Perhaps it should be called “Reverse-Fascism”? This generation will witness the fall of the United States, at the hands of the Corporation, corrupt politician and the ignorance of the people to believe the propaganda of a news media system which is extremely controlled and spews out misinformation which the people are buying hook, line and sinker.
Now that they are being hit in the pocketbook, maybe they will wake up? We are going the way of Rome, unless we wake up fast.
July 16th, 2008 at 11:22 am
“it is then they will wake up it is then they will remember terrorstorm and endgame it is then they will take baseball bats, lead pipes and firearms and make short work of any and all personell who represent the establishment. i have to lol at the stupidity of the new world order for thinking they can defeat us so easily. we may be fat dumb and overfluorodated but we are a nation of mean ass barbarians aching for a good fight.”
Hank…and who will be judge and jury? How will you know who is on what side? Or will you kill indiscriminately based on what a person drives? Wears? Lives?
Now that sounds like NWO with Alex Jones on top…
July 16th, 2008 at 11:31 am
Does anyone realize that by just exposing and talking about corruption, NWO etc. we are playing their hand. Action is key. Massive civil disorder is needed. Organized groups of ex-miltary is needed. Armed inssurection maybe be the only way but only a last resort, we haven’t even taken it to the streets. You want change, here you go. quit your job get on welfare, organize! unite! Change! If you aren’t paying taxes and u r getting tax dollars well you do the math. They can’t survive without our money and our services. So get the fuck up and do something!
July 16th, 2008 at 11:56 am
Hank: “we may be fat dumb and overfluoridated but we are a nation of mean ass barbarians aching for a good fight.”
That made me laugh. Thanks.
July 16th, 2008 at 12:16 pm
has anyone seen a fishing net… when you catch the fish, you scope it out of the water with your net….
well scope up these police officers…. have your nets ready…
when a police officer try’s to arrest you… place a fishing net over his head and body… make an arrest on him, for abuse of power… catch him in your net…
take a shield to protect your self… dress as the police dress… take what they take….. shilds, pepper spray, helmets, batons…
they are protecting themselves and you are protecting yourself…
it is not against the law to protect yourself against violent police officers…
July 16th, 2008 at 1:26 pm
Yeah Wayne…..let us know when you are on welfare…
July 16th, 2008 at 1:27 pm
@nikoli
What violence?
July 16th, 2008 at 3:17 pm
Right now, I think a mattress sounds pretty good to some of these angry folks.
July 16th, 2008 at 5:00 pm
I suggest the old tradition of tarring and feathering. I would enjoy watching Faux News or Corporate Crooks Network (CNN) and see the complicit Wall street crooks, bank managers and other corporate swindlers being tarred, feathered, and ridden on a rail as punishment for stealing the pensions and lifesaving of earnest working people.
July 16th, 2008 at 6:40 pm
“To Serve and Protect” our MASTERS that is…….
Someday soon Law Enforcement will have to decide…. decide when their Commander or Police Chief is obstructing justice, and/or providing intimidation for Corrupt Corporations, and Government Incumbents……
I want to see it someday where as several Police Captains and Police Saergants walk into the Mayors, Chief of Police, Bankers, offices and say “You are under arrest”……..
Coffeelover,,,,,,,,
July 16th, 2008 at 7:20 pm
Think twice before putting you money in banks. If you must then diversify.
July 17th, 2008 at 12:08 am
First point - it’s clear the cops don’t bank with Indymac
Second point - it’s clear the cops don’t give a firetruck that the bank is with holding peoples money.
Third point - US banks, shares (incl 401k), currency and property have clearly all been over valued by some order of magnitude.
Follow this line of thinking - All fiat reverts to their true value which is zero. Shares are priced in fiat, US banks are full of fiat, property is priced in fiat, 401k is fiat.
If you want an option that escapes fiat google “The alpha strategy” and download the PDF.
Good luck all - We are most certainly in for a world of turmoil.
July 18th, 2008 at 5:12 pm
[...] have queued for hours in order to get access to their money, to no avail. Some have even been threatened with arrest for becoming agitated. [...]
January 7th, 2009 at 11:12 am
[...] Cops to IndyMac customers: Remain calm or face arrest [...]