... of $30 billion to persuade JP Morgan Chase to buy (Profile: Bear Stearns, 2008) IndyMac grew rapidly during the real estate and home building boom. Its specialty was so-called Alt-A loans, those for which home buyers were asked to produce little or no evidence of income or assets other than the house they were buying (Clifford, Isidore, 2008) "While ... home prices climbed, Alt-A loans posed few problems for IndyMac. If a buyer wasn't able to afford his payments, the bank got title to a home worth more than the amount owed. The bank was also ... ...

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