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IndyMac: Mini Bank Run, Thanks to Schumer 

Jul 01, 2008By

IndyMac Bancorp, Inc. [stock IMB][/stock] felt the pain of a mini bank run this past week, thanks to a leaked letter from New York Senator Charles Schumer that questioned the bank’s solvency and led to widespread press coverage last week, the Pasadena-based thrift said in a filing with the Securities and Exchange Commission late Monday.

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