1 | California Anatomy of a Bank Run The fall of IndyMac, the second largest financial institution in U.S. history to collapse, alarmed depositors and caused a run on the bank akin to the savings and loan crisis of the 1980s. How the panic spread:
JUNE 26 IndyMac stock dips below $1; Senator Charles Schumer warns of a possible collapse
JUNE 27-JULY 7 Worried customers withdraw a total of $730 million
JULY 7 IndyMac lays off 53% of its workforce
JULY 8 The bank blames mass withdrawals on Schumer's statement
JULY 11 IndyMac closes main branch at 3 p.m. and tapes...