Relevant:
- Downey Financial to file for bankruptcy after government seized assets
- Ailing: Downey Savings & Loan hit by Class Action suits, Shares drop
- Imploded: Downey Savings and Loan Association, F.A., Newport Beach, CA
- Downey Financial shares fall below $1 on warning of possible seizure
- Update: Is Downey Savings & Loan Operating Under an OTS "Memo of Understanding"?
2007-11-20 — ocbj.com
"Billionaire investor Gerald J. Ford has bought a 6.8% stake in Newport Beach-based savings and loan operator Downey Financial Corp.
Ford made the investment through his company Hilltop Holdings Inc. of Colorado.
Hilltop Holdings bought 1.9 million shares of the Downey, which runs Downey Savings and Loan."
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