Vineyard National Bancorp (fka VNBCQ)

[jdsgungho]

Maybe we are next,

Consortium Reportedly to Buy IndyMacBy CHRISTOPHER S. RUGABER, AP
posted: 37 MINUTES AGOcomments: 19filed under: Bankruptcies, Financial CrisisPrintShare
Text SizeAAAWASHINGTON (Dec. 29) - A trio of private investors — J.C. Flowers & Co., Dune Capital Management and Paulson & Co. — have teamed up in an effort to buy failed thrift IndyMac, a person familiar with the deal said Monday.
The two private-equity firms and hedge-fund Paulson have applied for a federal holding company charter, according to the person, who asked not to be named because the deal has not been completed.
The investors want to convert IndyMac Federal Bank, which was seized by the Federal Deposit Insurance Corp. in July in the second-largest bank failure of the year, to a stock-held institution.
A spokesman for Paulson & Co. declined to comment Monday. Representatives from J.C. Flowers & Co. and Dune Capital Management did not respond to requests for comment.
The FDIC is considering selling IndyMac to a company named HoldCo LLC, whose partners include J.C. Flowers founder Christopher Flowers, John Paulson, and Steve Mnuchin, the chairman and co-chief executive of Dune. The FDIC has discussed a closing date of late January or early February, the person familiar with the deal said.
A spokeswoman for the FDIC declined to comment Monday.

http://money.aol.com/news/articles/_a/bbdp/buyers-step-forward-for-indymac-bank/288337?icid=sphere_newsaol_inpage