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Crisis Deepens as Big Bank Fails
Sunday, July 13, 2008IndyMac is the biggest mortgage lender to go under since a fall in housing prices and surge in defaults began rippling through the economy last year -- and it likely won't be the last. The company sold most of the loans it originated, but continued to hold some on its books. As defaults piled up, In...
Original article from http://tailrank.com/6790849/Crisis-Deepens-as-Big-Bank-Fails
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