Roughly 50 different investors received confidential bid packages on IndyMac Bank, the insolvent thrift that is also the nation's ninth largest residential servicer.

A spokesman for the Federal Deposit Insurance Corp. (FDIC) also clarified that the investor group awarded IndyMac this past Friday is putting roughly $2.9 billion into the deal: $1.6 billion that represents the difference between the thrift's liabilities and the value of its assets (after the assets have been marked-to-market) and another $1.3 billion in cash that will be used to capitalize the re-constituted lender/servicer. "It's failed bank math," he said.

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