background...







Note: video uses iframes and may be slow to load. Try reloading the page if you can't see the embed. Or try this direct link

[via zero hedge, of course!]

Well, it looks like union "leadership" is about to sell out its members (as they've been doing for most of this decade, BTW) by dropping their push for card checks:

WASHINGTON – Organized labor is nearing a deal to salvage legislation that could aid the union movement, but it had to drop "card check" — a key component of the original bill that would allow workers to form a union by signing cards instead of holding a secret ballot vote.

Feds have seized, closed, and frozen all of its assets. Depositors will have access to ATMs ONLY.
via Bloomberg

July 11 (Bloomberg) -- IndyMac Bancorp Inc. became the second-biggest federally insured financial company to fail today after a run by depositors left the California mortgage lender short on cash.

The Federal Deposit Insurance Corp. will run a successor institution, IndyMac Federal Bank, starting next week, the Office of Thrift Supervision said in an e-mail today. Customers will have access to funds this weekend via automated teller machines.