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Indy Mac.... Another one bites the dust.

Started by Masshog, July 12, 2008, 07:13:24 am

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Masshog

July 12, 2008, 07:13:24 am
Indy Mac(thirty two billion in assets) was seized last night (not totally unexpected).  Expected to cost FDIC between 4 and 8 Billion ... possibly up to 10% of the fund. 
My feets hurt.
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