Tuesday, December 29, 2009

Billionaires on the Move: Soros, Dell and Paulson All Invest in the Same Bank

The OneWest Bank holding company, created a year ago from the assets of failed mortgage lender IndyMac Bank, earlier this month acquired First Federal Bank of California when it failed. The acquisition doubled OneWest’s branches to 72 and increased total assets by a third to $24 billion.

OneWest’s investors include investment firm J.C. Flowers & Co., hedge fund Paulson & Co., computer mogul Michael Dell’s investment vehicle MSD Capital, and a fund controlled by billionaire investor speculator George Soros.

2 comments:

  1. how can one invest in this onewest bank. Doesn't seem like there is a stock symbol for it. ITs not a publicly listed company yet? thanks!

    ReplyDelete
  2. Stay clear of that creep Soros!

    ReplyDelete