SANTA MONICA, July 16, 2008 – The run on Indymac Bank, continued into its third day this Wednesday. The branch on Wilshire Blvd in Santa Monica has started issuing numbers to customers wanting to withdraw money from their accounts. Today, the doors to the bank were guarded by two security agents. Customers were only allowed entry when their number was called. Over 500 people have been issued numbers at this one branch to meet with bank officers to try and secure their life savings.
From the Newswire: MP3 Audio: Interviews with Indymac Customers
Financial Crisis Deepens: Long Lines and Fearful Customers at Indymac Bank