Watch The FDIC Seize A Bank

Email  Print Print  

Want to see the FDIC seize a bank? This thirteen minute video has 60 Minutes following the FDIC as they seize and close down the five branches of Heritage Community Bank, a Chicago bank that failed on February 27th, 2009, and was acquired by MB Financial Bank. Closed on a Friday, all branches were open on Saturday.

If you want to skip the build up and want to see what happens when they take over, it starts at around 5 minutes. People freaking out happens a little later on.

All your bank are belong to US.

{ 8 comments, please add your thoughts now! }

Related Posts

RSS Subscribe Like this article? Get all the latest articles sent to your email for free every day. Enter your email address and click "Subscribe." Your email will only be used for this daily subscription and you can unsubscribe anytime.

8 Responses to “Watch The FDIC Seize A Bank”

  1. Daniel says:

    Very interesting video. I found the observation about smaller banks being wiped out while bigger ones are bailed out, particularly interesting.

  2. Interesting video indeed.

    MB is actually the bank I use. Pretty happy with them, so I hope it goes well for the heritage customers.

  3. SJ says:

    Wow that was a good video. And somewhat funny… esp the Indy part and the guy w/ the briefcase
    “Secret online auction” Wow.

    Glad to see it slightly anti-climactic.

    I always agree w/ Daniel above, about smaller and bigger ones. Do we force regulation? Or size limitation? Both seem ugly.

  4. thomas says:

    haha – all your banks belong to us.

  5. Patrick says:

    Very cool. Not the bank failing of course, but the behind the scenes look. I’m a geek like that. 🙂

  6. Cool video/FDIC operation…. Too bad that won’t happen to CITI

  7. Nice. I learned quite a bit from that video. Weird ad for a CBS Colonoscopy at the end though…

  8. Blessed says:

    Wow, this was very interesting and enlighting.

    I hope that they can come to some middle ground on how to support the smaller banks and the larger ones in order for everyone to thrive in our current economic situation.

    be blessed!

Please Leave a Reply
Bargaineering Comment Policy

Previous Article: «
Next Article: »
Advertising Disclosure: Bargaineering may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.
About | Contact Me | Privacy Policy/Your California Privacy Rights | Terms of Use | Press
Copyright © 2016 by All rights reserved.