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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (81353)	7/11/2008 7:28:20 PM
From: Proud Deplorable	Respond to of 116555

Indymac invents water that runs uphill instead of down

To: mishedlo who wrote (81353)	7/11/2008 10:58:38 PM
From: Sr K	Respond to of 116555

Re: "IndyMac Bancorp Is Seized" The FDIC, as conservator, took over Indymac Bank FSB. Was the holding company seized? At indymacbank.com is a statement from the FDIC: On July 11, 2008, IndyMac Bank, F.S.B., Pasadena, CA was closed by the Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation (FDIC) was named Conservator. All non-brokered insured deposit accounts have been transferred to IndyMac Federal Bank, F.S.B., Pasadena, CA ("assuming institution") a new FDIC-insured Federal Mutual Savings Bank. No advance notice is given to the public when a financial institution is closed.