Indymac Sale Press Release…

Posted by Lisa on January 2, 2009 · View Comments 

Click Here to see the FDIC press release anouncing the sale of Indymac bank.

Embedded in this release is an attachment. Pasted below, are the first two bullet points of the attachment. Please see the second bullet.

Fact Sheet: FDIC Sale of IndyMac FSB
• The FDIC, as Conservator for IndyMac FSB (“New IndyMac”), entered into a letter
of intent to sell New IndyMac to IMB HoldCo LLC, a thrift holding company
controlled by IMB Management Holdings LP, a limited partnership, for
approximately $13.9 billion. IMB HoldCo is owned by a consortium of private equity
investors led by Steven T. Mnuchin of Dune Capital Management LP.
• Uninsured depositors will not be receiving an additional claims dividend at this time.

Looks like no refunds for depositors at this time according to this official document release.

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About Lisa

  • RAJESH
    Uninsured Depositors of IndyMac are first in priority to be made whole even before FDIC gets a dime. As FDIC has gotten $14 Billion for IndyMac after putting in $9 Billion, $5 Billion should be enough to cover $270 Million (50% owed to uninsured depositors)


    Rajesh Tangri, rtangri@juno.com Cel 408-858-3148
  • rolsto
    thanks linda. that is exactly what i was looking for.
    Brad
  • Linda
    Brad et all,


    This article goes into the various ways we can report our losses for tax purposes.



    http://www.transworldnews.com/NewsStory.aspx?id=54596&cat=8



    Here's some info from the IRS



    http://www.irs.gov/publications/p547/ar02.html#en_US_publink100022585



    Linda Buquet
  • rolsto
    Given above, is anyone aware of the tax treatment of "uninsured" losses? As we could be held in the lurch for ? years until the book is closed on outstanding debt, are we locked up on our returns re: offsetting gains with these likely lost funds.
    Thanks

    Brad
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