Source Pravda.Ru

IndyMac Bancorp announces 1Q loss of 184.2 million dollars

Indymac Bancorp, Inc. announced a first-quarter loss of $184.2 million, or $2.27 a share.

Indymac is the holding company for Indymac Bank, F.S.B., the largest savings and loan in Los Angeles and the 7th largest mortgage originator in the nation. Indymac Bank, operating as a hybrid thrift/mortgage banker, provides financing for the acquisition, development, and improvement of single-family homes. Indymac Bank also provides financing secured by single-family homes and other banking products to facilitate consumers’ personal financial goals.

In addition, the CEO of the company predicted that Indymac won't return to profitability until "the current decline in home prices decelerates."

The current quarter includes $334 million in charge offs, and $249 million in provisions for the declining value of various securities backed by mortgages.

The company has also reported production of $9.6 billion in new loans.

Photo: sandiegofsbo.blogspot.com

So Donald Trump referred to "shithole" countries in a meeting on immigration. Or did he? In denying the allegations, claiming that was "not the language used", while others state that was the language used, either he, or they, are lying. The bottom line is, what to make out of the "shithole incident"?

Some A**hole should shut his cakehole
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