2008 0721 - OTS - Remarks of John M. Reich, Director
Office of Thrift Supervision to the American Bankers Association Summer Meeting, Orlando, Florida - 6p
All prospects of rescuing IndyMac disappeared after a June 26 letter to the OTS and the FDIC from Senator Charles Schumer that publicly expressed concerns about IndyMac’s viability and caused
depositors to withdraw approximately $1.3 billion from their accounts.