Posted on 07/11/2009 11:04:52 AM PDT by rabscuttle385
IndyMac died a year ago Saturday, the first major thrift to fail in the financial crisis. Its burial, marked by confusion, chaos, and a relatively sweet deal for a group of private equity titans, is unlikely to happen in the same manner today.
The aftermath of IndyMac, since renamed OneWest Bank, is telling, and provides a stark illustration of how much things have changed in the course of a year.
(Excerpt) Read more at thestreet.com ...
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