2011-07-08latimes.com

``The negligence suit, filed Wednesday in federal court in Los Angeles, seeks $600 million, a fraction of the $13 billion the deposit-insurance fund lost due to IndyMac Bank's collapse in July 2008. With the FDIC bearing most of the losses, the Pasadena lender that is now owned by hedge-fund billionaires is operating profitably as OneWest Bank.''



Comments: Be the first to add a comment

add a comment | go to forum thread