San Gabriel Valley News Article Quotes Lisa Marshall, David Barr

Posted by Lisa on January 3, 2009 · View Comments 

Click Here to read the story.

In short, David Barr states that the depositors already saw 50% of funds returned, where the FDIC has been paid back nothing.

Question…Does ALLSTATE make sure it can take your house if it has to replace your auto?

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LA TIMES article

Posted by on January 3, 2009 · View Comments 

http://www.latimes.com/news/la-fi-indymac3-2009jan03,0,5772879,full.story

THRIFTS

IndyMac Bank buyers keep tight-lipped on plan for reviving failed thrift

Private investors agree to purchase the bank for $13.9 billion and promise to make the 33-branch thrift a ‘healthy banking institution’ again. How they’ll do so remains unclear.

By E. Scott Reckard January 3, 2009

Private investors closed a deal Friday to buy Pasadena’s IndyMac Bank from regulators, promising to make the 33-branch thrift a “healthy banking institution” again. How exactly do they plan to accomplish that? So far, no one’s saying.

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