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TMFAleph1 (95.13)

Are Taxpayers Subsidizing the Sale of IndyMac?

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January 06, 2009 – Comments (0) | RELATED TICKERS: BAC , FNMA , FMCC

IndyMac, the largest bank failure of 2008 other than Washington Mutual (and the third-largest in U.S. history), is back! The FDIC, which took over the thrift's operations last July, has reached an agreement to sell IndyMac to a group of investment firms. Is this a sign that banks, bank loans, and mortgage-related securities have finally become attractive?

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