Friday, August 1, 2008

More Shaking...IndyMac Bancorp Files for Ch 7.

IndyMac nomo according to Reuther
Chief Executive Michael Perry, the company's sole remaining employee, in a court filing said he didn't have information normally required to file for bankruptcy protection because the FDIC has sole possession of IndyMac's books and records.
IndyMac shares closed Thursday at 13.5 cents on the Pink Sheets. They are expected to be worthless.
The rest of the article is here.

IndyMac Federal Bank is not part of this filing.

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