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IndyMac Likely to have New Owners by 2009

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"We're fully expecting to have something to say before the end of the year," said Evan Wagner, a spokesman for the Southern California based IndyMac Bank, about the possible imminent sale of the bank to an owner or owners. That sale could be announced as early as today. Considered one of the largest bank failures in U.S. history, IndyMac's mortgage specialist unit was taken over by federal regulators on July 11 after $1.3 billion in deposits were taken out in 11 days following U.S. Sen. Charles Schumer questioning IndyMac's survival.