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IndyMac being sold to private equity firms
IndyMac Bancorp is one of the biggest banks that have come crashing down due to the subprime mortgage crisis. Now it is all set to be sold off to a consortium consisting of private equity and hedge fund firms.
Federal regulators had declared the bank as being insolvent back in July which...
The Los Angeles puppeteer wishing he too could get a bailout
Posted under Entertainment on Thursday, 25 December 2008 by Admin
U.S auto makers are not the only ones in need of a bailout package from the government. Bob Baker is the owner of a famous Los Angeles Marionette Theater and is struggling to keep his puppeteer business alive because of the tough economic conditions.
The theatrical legend has been operating the...
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