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To: Westbrook
"The Federal Deposit Insurance Corp. reached a preliminary agreement to sell the remains of IndyMac Bank -- one of the biggest bank failures in U.S. history -- to a team of high-profile investors, suggesting there is private money willing to invest in troubled banks if the government agrees to shoulder heavy losses.

"The investment team, which includes affiliates of private-equity chieftain Christopher Flowers, hedge-fund investors George Soros and John Paulson, and computer mogul Michael Dell, will contribute $1.3 billion in capital toward a purchase of IndyMac Federal Bank. The investor group and the government also agreed to share ...

Link to a recent WSJ article

Yup, it looks like Soros has teamed up with J. Paulson to feast on the carcass of IndyMac, with government guarantees of course ...

3 posted on 01/16/2009 10:38:00 PM PST by Tellurian
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To: Tellurian

> Yup, it looks like Soros has teamed up with J. Paulson to
> feast on the carcass of IndyMac, with government
> guarantees of course ...

Well, I got one of the names right.

As for Michael Dell, I will avoid his products like the plague from now on. I’ll buy HP or make my own from piece parts. Most of the computers in my house are “Frankensteins”.


5 posted on 01/16/2009 11:56:19 PM PST by Westbrook (Having more children does not divide your love, it multiplies it.)
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