This Doesn’t Look Good, Indy


IndyMac, my former employer, laid off another 3,800 people this week, more than half the remaining work force. I got the axe myself almost exactly a year ago.

Prediction — at job interviews, these people will hear something I heard a lot during my own interviews: “We’re seeing a lot of applicants from the mortgage industry.”

Yeah . . . tell me something I didn’t know.

The Elite Mortgage Daily Blog has helpfully provided a brief history of IndyMac stock:

A Brief History of IndyMac Stock

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