Archive for: mortgage

IndyMac being sold to private equity firms

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...

December 29, 2008 8:41 am / no comments

 

The Los Angeles puppeteer wishing he too could get a bailout

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...

December 25, 2008 3:02 pm / no comments

 
 

 
 

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