Relevant:
- Downey Financial to file for bankruptcy after government seized assets
- Investor Ford Takes 6.8% Downey Stake
- Update: Is Downey Savings & Loan Operating Under an OTS "Memo of Understanding"?
- Imploded: Downey Savings and Loan Association, F.A., Newport Beach, CA
- Ailing: Downey Savings & Loan hit by Class Action suits, Shares drop
2008-11-21 — ml-implode.com
In a move long overdue according to most, Downey Savings & Loan has been seized by the FDIC. We expected it today (based upon stock trades down to 18 cents), and the run on deposits that surely pushed DSL over the brink of OTS mandates. Our hat goes off to John Gittelson of...
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