iPhone VS. Indymac

July 14, 2008 at 11:45 am in ICME, West Side

On Friday July 11, 2008, the new iPhone was released for sale. On the same day, US federal regulators took control of Indymac Bank. (Read more about that here.) Today (Monday July 14) the lines were long at both locations. At the Apple store a homeless looking man yelled at the crowd “Get out of our neighborhood!” at the Indymac Bank line, there was a cop car out front and a taco truck in the alley next to the line.

Only six blocks apart. Strange days indeed.

(Apple store on 3rd St. Promenade, Indymac Bank on Wilshire and 8th in Santa Monica.)

Tags: banks, economy, Money
7 Comments »

lucindamichele

oh wow. :\
http://californiafaultline.wordpress.com/2008/07/14/iphone-or-bank-withdrawal-get-in-line/ iPhone or bank withdrawal? Get in line! « California Faultline

[...] 14, 2008 · No Comments LA Metblogs writer Julia Frey discovered today that the only line longer than the one for new iPhones at Santa Monica’s Apple store was the [...]
http://frazgomeanders.blogspot.com frazgo

The whole I-phone, let alone I-anything kinda escapes me.

The Indy Mac is very sad, I have a few friends working in Pas that are scared shitless their jobs will be gone as they are in the mortgage side of the bank (grunt workers not manager types) which is rumored to be the side being shut down and jobs being lost. Very sad.
http://eecue.com Dave Bullock / eecue

that sucks.
http://www.medialoper.com/hot-topics/daily-loper-669/ The Daily Loper – July 14, 2008 | Medialoper

[...] iPhone VS. IndymacDo these people not realize that neither one is going anywhere, or that the only purpose to stand in either line is to say that you did? [...]
http://www.sixsquare.com Will (Liam) Keightley

Each tragic in its own way, though I wonder how many people had to wait in BOTH lines?
1timstreet

I saw this yesterday in Santa Monica and it was a really scary thing to see.

It reminded me of things my Grandmother used to tell me about the Great Depression.

iPhone VS. Indymac

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