vcsillag

IndyMac Falls, What's Next? [Housing Tracker]

"The California thrift [had] about $32B in assets"
Also IMB had a $10.90 / share book value (info. from yahoo)
On an other article I found that IMB had $32B loss
Could you please clarify?
For in accordance with Federal law, allowed claims will be paid
in the following order of priority;
1- depositors
2- General Unsecured Creditors
3- Subordinated Dept
4- Shareholders (who own the shares now)

Some info taken from;
FDIC - IndyMac Bank Failure

Big difference for shareholders if it is $32B loss or Asset IMB has.






If you just participate in the Class Actions you do not have to have the shares.
Thanks for you help