The FDIC announced late today the sale of the remaining assets of the failed thrift, IndyMac, to a private consortium for $13.9 Billion. Dune Capital Management, J.C. Flowers & Co., and Paulson & Co. spear headed the buy in search of a rehabilitated servicing portfolio Sheila Blair reworked with her aggressive loan modification strategy.
This [...]
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Joshua Dorkin
Charles Feldman
Ted Karsch.
TARP, PIPP, TALF, FRB, FDIC, EESA – An Expensive Alphabet
by Tom Koziol | May 1, 2009I would suppose every American has heard about the $700-billion financial bailout Washington shoved down our throats. In fact, I believe some people still find it a tough pill to swallow. I know I do. What I also believe is most Americans don’t know about the in-bred agencies, and their fallout, created as a result [...]