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bagfull

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bagfull

Re: rockie101 post# 2466

Saturday, 01/03/2009 11:41:18 PM

Saturday, January 03, 2009 11:41:18 PM

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Rockie , the proceeds from the buy out would go to old Indy mac corp as the assets obtained from liquidity and would b used to settle the debtors and other stakeholders as settlement process of chapter 7.

The money lost by FDIC worth 8.9 B is towards insurance and does not get covered by the asset sales . Hence irrespective of what it was sold for fDIC will lose 8.9 B.


Disclaimer: Do not buy or sell based on my recommendation. I am not your financial advisor .My recommendations are based on my intuition, research or both and may be right or wrong.

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