Indymac

[Raybyrnes]

In this very difficult and challenging environment, any of the actions that we take to keep Indymac safe and sound unfortunately have negative consequences to some important constituency. As we stated in our financial update on May 12, 2008, we have been working with our investment bankers to raise additional capital. To-date, we have not been successful with these efforts, and, while we will continue these efforts with our bankers and others, we don’t expect to be able to raise capital until there is more stability and less uncertainty in the housing and mortgage markets. While some shareholders may believe it is in their best interests that we not raise capital right now given the significant dilution that it would cause, there are consequences of not being able to raise more capital and, therefore, actions that we now must take.

Basically going out of Business

read the full report

http://www.theimbreport.com/

[CA renter]

Wow. Pretty strong stuff. I wonder how many banks are staring down the black hole as we speak (behind closed doors, of course).

The govt ought to be much more concerned about propping up the FDIC, SIPC and PBGC…instead of focusing on the housing bubble. Lots of people stand to be wiped out.

[CA renter]

Wow. Pretty strong stuff. I wonder how many banks are staring down the black hole as we speak (behind closed doors, of course).

The govt ought to be much more concerned about propping up the FDIC, SIPC and PBGC…instead of focusing on the housing bubble. Lots of people stand to be wiped out.

[CA renter]

Wow. Pretty strong stuff. I wonder how many banks are staring down the black hole as we speak (behind closed doors, of course).

The govt ought to be much more concerned about propping up the FDIC, SIPC and PBGC…instead of focusing on the housing bubble. Lots of people stand to be wiped out.

[CA renter]

Wow. Pretty strong stuff. I wonder how many banks are staring down the black hole as we speak (behind closed doors, of course).

The govt ought to be much more concerned about propping up the FDIC, SIPC and PBGC…instead of focusing on the housing bubble. Lots of people stand to be wiped out.

[CA renter]

Wow. Pretty strong stuff. I wonder how many banks are staring down the black hole as we speak (behind closed doors, of course).

The govt ought to be much more concerned about propping up the FDIC, SIPC and PBGC…instead of focusing on the housing bubble. Lots of people stand to be wiped out.

[bsrsharma]

Liquidity at Freddie & Fannie are the new worries.
If they can’t raise capital, it can get ugly.

Also interesting is the Fed’s difference in attitude towards Countrywide & Bear Stearns vs. Indymac. There doesn’t seem to be that sense of crisis.

WaMu is the next act in the drama.

[bsrsharma]

Liquidity at Freddie & Fannie are the new worries.
If they can’t raise capital, it can get ugly.

Also interesting is the Fed’s difference in attitude towards Countrywide & Bear Stearns vs. Indymac. There doesn’t seem to be that sense of crisis.

WaMu is the next act in the drama.

[bsrsharma]

Liquidity at Freddie & Fannie are the new worries.
If they can’t raise capital, it can get ugly.

Also interesting is the Fed’s difference in attitude towards Countrywide & Bear Stearns vs. Indymac. There doesn’t seem to be that sense of crisis.

WaMu is the next act in the drama.

[bsrsharma]

Liquidity at Freddie & Fannie are the new worries.
If they can’t raise capital, it can get ugly.

Also interesting is the Fed’s difference in attitude towards Countrywide & Bear Stearns vs. Indymac. There doesn’t seem to be that sense of crisis.

WaMu is the next act in the drama.

[bsrsharma]

Liquidity at Freddie & Fannie are the new worries.
If they can’t raise capital, it can get ugly.

Also interesting is the Fed’s difference in attitude towards Countrywide & Bear Stearns vs. Indymac. There doesn’t seem to be that sense of crisis.

WaMu is the next act in the drama.

[capeman]

Oh boy I hope they have to distress sale their portfolio and mark to market… or pennies on the dollar. I don’t think the Fed and it’s Superfriends network will allow that kind of marking in Pay Option ARM and Alt-A to happen at once. It will be an orderly unwind and poof IMB fades out quietly…

[capeman]

Oh boy I hope they have to distress sale their portfolio and mark to market… or pennies on the dollar. I don’t think the Fed and it’s Superfriends network will allow that kind of marking in Pay Option ARM and Alt-A to happen at once. It will be an orderly unwind and poof IMB fades out quietly…

[capeman]

Oh boy I hope they have to distress sale their portfolio and mark to market… or pennies on the dollar. I don’t think the Fed and it’s Superfriends network will allow that kind of marking in Pay Option ARM and Alt-A to happen at once. It will be an orderly unwind and poof IMB fades out quietly…

[capeman]

Oh boy I hope they have to distress sale their portfolio and mark to market… or pennies on the dollar. I don’t think the Fed and it’s Superfriends network will allow that kind of marking in Pay Option ARM and Alt-A to happen at once. It will be an orderly unwind and poof IMB fades out quietly…

[Author]

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