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

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

Posted by Rick Armstrong - Jackson Hole Real Estate on 01/03/2009 06:00 PM

Comments (2)

Indymac Sells in the Mortgage / Finance Channel

jackson hole real estate market, indymac

This post has been included in Wyoming Information Teton County, WY Information Jackson Hole, WY Information

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

JAN

What do you think this means for shareholders?

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

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Rick Armstrong - Jackson Hole Real Estate

Jackson Hole, WY

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Jackson Hole Real Estate Broker RARE Properties Real Estate

Address: Po 1427/ 485 West Broadway , Jackson Hole , WY , 83001

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