IndyMac Bancorp Inc. (fka IDMCQ)

[dragon52]

If I remember correctly... The bank was sold Not

the corporation. However, most of the so called assets that were counted were in the bank and not the corporation.

The corporation is the survivor of the two, and trading in the markets. The bank never issued shares thus do not expect to get anything from it.

what you hold is an empty shell now... no bank no assets...that is gone.

Remember, there are two entities... Indy Mac Bank, fsb and Indy Mac Bancorp, inc.; what shareholders here have is IndyMac Bancorp... not the bank.

of course, i could be wrong... but don't think so.

This bank take over was done by a private corporation and no offer was made to Indy Mac Inc for the bank, which was already taken over by the FDIC; they become the lien holder and get first dibs before others... shareholders are the last to get anything, if anything is left.

I see a flat line coming soon....

But you all knew what you had right?

gl