Why Downey Financial is Not IndyMac [View article]
I think the problem with this reasoning is it assumes DSL can burn through customer deposits! I'm sure these people would be happy to find out their account is "worth north of 60-70% of par". Of course, the FDIC will shut them down before they get to that point.
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I think the problem with this reasoning is it assumes DSL can burn through customer deposits! I'm sure these people would be happy to find out their account is "worth north of 60-70% of par". Of course, the FDIC will shut them down before they get to that point.
Aug 19 06:19 am
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All Comments by Frank P »Why Downey Financial is Not IndyMac [View article]