Police show up at Encino IndyMac branch as waiting customers clash

This is only the beginning. Wait until ordinary people understand to what extent international organized crime, the Mafia and Mafiya has dipped into our banks and lending institutions. A lot can happen when people are handed piles of other people’s money and no one is looking in an age when billions of dollars can be transferred electronically in microseconds.

Carl Rove and the Nuevo Robber Barons need to stand down while Democrats sweep the country with a New, New Deal. We need to bring back regulated industry and financial institutions. In a few years we might be able to sing; “Happy Days are Here Again”. That is, if the USA survives intact from the devastation that Republican Conservatism has brought us.

I don’t think that it will happen but, If China decides that we are too poor of a financial risk and cashes out, our money will be basically worthless and the USA and the “Experiment in Democracy” are finished.
Jim

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From the Los Angeles Times
Police show up at Encino IndyMac branch as waiting customers clash
People in line seeking to withdraw their money are told to remain calm or face arrest. A disruption reportedly occurs when some try to cut in line outside the failed institution.
By Andrea Chang and Andrew Blankstein
Los Angeles Times Staff Writers

11:17 AM PDT, July 15, 2008

Los Angeles police were dispatched to an IndyMac Bank branch in Encino this morning when customers waiting to withdraw money became agitated after several people tried to cut in line on the second day of the failed institution's federal takeover.

Police told customers to remain calm or face arrest as they tried to withdraw their money.

Three police units were dispatched shortly after 8 a.m. amid reports of a disruption outside the branch in the 17000 block of Ventura Boulevard, LAPD spokeswoman April Harding said.

Harding said that as many as 80 people were waiting outside the bank when several people tried to cut in line.

Order was quickly restored and private security guards stood watch over the line, with police acting as backup. As a precaution, the LAPD sent a squad car to another IndyMac branch in Northridge, although no incidents were reported there, Harding said.

As the morning wore on, customers leaned over a metal railing separating them from a row of security guards and yelled complaints. The main point of contention surrounded a sign-up list that was started late Monday after many customers gave up and left for the day.

"He promised us there would not be a list," one woman yelled at a security guard. "We don't know who to believe!"

As tensions rose, customers began pointing fingers at one another and trying to cut in line.

"Listen to me, lady," Mahvash Barjasteh, 51, a loan broker from Woodland Hills said to a guard. "I was in front of him."

Read the rest of the article here:

http://www.latimes.com/business/la-fi-indymac16-2008jul16,0,1217522.story