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NE Bankers Confident
By Curt Nickisch
Listen to story (Real Audio)
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Customer Barbara Fox outside IndyMac Bank, CA, after regulators seized the bank in July. (AP Photo) |
BOSTON, Mass. - August 18, 2008 - Recently, there have been dramatic scenes of customers lining up to pull their savings out of IndyMac Bancorp Inc.
Federal regulators seized the California-based mortgage lender last month, in the nation's third biggest bank failure.
The Federal Deposit Insurance Corporation, which backs most private accounts up to $100,000, says it expects more banks to close.
But, as WBUR's Curt Nickisch reports, experts say that's not likely to happen in New England.
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