Failure™ Magazine

This Day in Failure

July 11

2008: Pasadena, California-based IndyMac Bank, F.S.B., is closed by the federal government. With $32 billion in assets it becomes the second-largest federally insured financial company to be seized by U.S. regulators.

1999: American Robert Bogucki becomes lost in the Great Sandy Desert in Australia. He is rescued 43 days later.

1804: Secretary of the Treasury Alexander Hamilton is killed in a duel by vice president Aaron Burr.