re: poor start to the new financial year its partly because this sh!t is about to hit US ithink:
"the following email was sent to customers of Indymac's commercial lending unit, Indymac Commercial Lending Corp.:
"ICLC, due to the current market and capital constraints has ceased lending operations as of 7/1/08.
A formal announcement from ICLC will be coming out tomorrow regarding details and loans in process.""
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