FDIC Chairman Sheila Bair said this about IndyMac in a interview with Bloomberg
"There are a number of things about this institution that, to be honest with you, make it unattractive to a potential purchaser," Bair said.
"What we're trying to do now is do what we can to strengthen it, strengthen the asset quality, strengthen the servicing portfolio, so we can sell it off and get a better value, hopefully," Bair said.
I guess the question is, how `Unattractive' does the FDIC allow a bank to get before they pull the plug.
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