2009-01-02ml-implode.com

As first reported in the Mortgage Lender Implode-O-Meter on 2008-12-26, the FDIC said in a press release today that it had entered into a Letter of Intent to sell Indymac Federal Bank FSB for approximately $13.9 billion to IMB HoldCo LLC, a thrift holding company controlled by IMB Management Holdings LP.


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