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Jackson Hole Real Estate News - Indymac gets offer for 13.9 billion.

By
Real Estate Agent with Jackson Hole Real Estate Broker RARE Properties Real Estate

Indymac sells for 13.9 billion to a partnership of titans that include George Soros, Michael Dell, and the Flowers group that is a conglomerate of hedge funds.       So this is a continuation and result of the mortgage meltdown.  Seems like a smart play to me.  If the mortgage market recovers they should see positive returns.  If the business fails they should qualify for some of the bailout funds.  A win - win for them

Comments (2)

Anonymous
jake

What do you think this means for shareholders?

Jan 03, 2009 01:05 PM
#1
Rick Armstrong
Jackson Hole Real Estate Broker RARE Properties Real Estate - Jackson Hole, WY
Jackson Hole Real Estate

I believe it will be a positive for shareholders - better than zeroing out.

Jan 03, 2009 01:24 PM