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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!

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From: ravenseye	11/16/2007 11:17:00 AM
	of 5673

Event Brief of Q3 2007 IndyMac Bancorp, Inc. Earnings Conference Call - Final insurancenewsnet.com ...Management reported that 3Q07 loss was $2.77 per share.... ...PRESENTATION SUMMARY S1. 3Q07 Review (M.P.) 1. Highlights: 1. Loss this qtr., second loss Co. has had since IMB management team has been in place in Jan. 1993. 2. Second loss in 59 quarters, the first being back in 4Q98 during the global liquidity crisis. 3. This is the result of underlying fundamentals of IMB's business: 1. Deteriorating mortgage delinquencies. 2. Declining housing market. 3. Unprecedented collapse in the secondary market for non-GSE loans. 4. As a result of all of these factors, IMB took pretax charges during the qtr. of $575m or $4.79 a share after tax in combined credit and spread widening costs. 5. Increased credit reserves 47% during the qtr. in one qtr. to $1.39b or 56% of bank equity, up from under $1b at 06/30/07...

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