Indymac, however, had always been a private corporation with no relationship to the government. acquired SGV Bancorp, the parent of First Federal Savings and Loan Association of San Gabriel Valley.
Indy Mac changed its name to Indy Mac Bank and became the ninth largest bank headquartered in California.
He can then develop a sense of where the business is heading, what market factors may affect the stock’s price and how volatile the stock is. Failing to disclose material information made dealers and brokers liable for criminal prosecution.
The company also provides Ethernet media access controllers that offer addressing and channel control mechanisms and are used in enterprise class modular Ethernet switch platforms, as well as in Ethernet-over-SONET/SDH and Ethernet-over-OTN systems used in access, metro, and long-haul carrier networking systems; Ethernet transceivers, including single, quad, and octal devices that allow the transmission of 10/100/1000 BASE-T data over category 5 copper cable and fiber optic cabling for use in personal computers, home electronics, and LAN applications; and Ethernet transceivers with packet timing and synchronization capabilities.In addition, it provides a line of connectivity products, which comprise mixed-signal physical media devices, physical layer devices, crosspoint switches, and signal integrity devices that are used for the connection of systems via optical fiber, copper cable, or backplanes.Indy Mac, a contraction of Independent National Mortgage Corporation, was an American bank based in California that failed in 2008 and was seized by the United States Federal Deposit Insurance Corporation (FDIC).Before its failure, Indy Mac Bank was the largest savings and loan association in the Los Angeles area and the seventh largest mortgage originator in the United States.In 1997, Countrywide spun off Indy Mac as an independent company run by Mike Perry, who remained its CEO until the downfall of the bank in July 2008.
"Mac" is an established contraction for "Mortgage Corporation", usually associated with Government sponsored entities such as "Freddie Mac" (Federal Home Loan Mortgage Corporation) and "Farmer Mac" (Federal Agricultural Mortgage Corporation).When sellers perform a due diligence analysis on buyers, items that may be considered are the buyer's ability to purchase, as well as other elements that would affect the acquired entity or the seller after the sale has been completed.An individual investor performs due diligence by studying annual reports, Securities and Exchange Commission (SEC) filings and other relevant information about a business and its securities.As a means of protecting the dealers and brokers, the Act included a legal defense that stated that as long as the dealers and brokers exercised due diligence when investigating companies whose equities they were selling, and fully disclosed their results to investors, they would not be held liable for information not discovered during the investigation.A historic case of a company failing to conduct proper due diligence is when Time Warner was acquired by America Online in January 2000.Creativity is unlimited in its potential to interpret and apply the law or the ability to develop that knowledge through research skills. The existence of fraud is a question of fact to be resolved upon consideration of the facts and proven by independent evidence.