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Home » Store » News » IndyMac Does Not Expect to Turn a Profit in 2008

IndyMac Does Not Expect to Turn a Profit in 2008

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IndyMac took a $184.2 million loss in the first quarter of 2008 and the lender warned that it will not reach profitability this year. However, Michael Perry, IndyMac’s chairman and CEO, stressed that the lender’s losses are decreasing. IndyMac’s loss in...
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