Indymac Sale Press Release…

Posted by on January 2, 2009 · 4 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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Making the News…on Rush Limbaugh’s radio program

Posted by on December 22, 2008 · Leave a Comment 

IndyMac & Charles Schumer were given dishonorable mention on Mr. Limbaugh’s radio program today. He talked about Senator Schumer’s involvement in the whole fiasco. Rush Limbaugh’s radio program web site is: www.rushlimbaugh.com

Please write to Mr. Limbaugh, as we may generate some enthusiasm for publicity there.
Email Rush at elrushbo@eibnet.com.

Cheers,
Lisa

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