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Money & Company

Meltdown souvenirs: IndyMac equipment auction

By Tiffany Hsu
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Relics of the late IndyMac Federal Bank are now up for grabs.

Thousands of computers and electronics from the Pasadena-based bank, one of the first major victims of the financial crisis, will be up for auction online until Thursday at 10 a.m.

Chicago-based Rick Levin & Associates Inc. is hosting the auction for the FDIC, and also has an auction in Riverside planned for June 3 to sell cars, boats, planes, jewelry and electronics seized by or forfeited to the U.S. Treasury.

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Potential buyers can check out the merchandise in person Wednesday from 8 a.m. to 6 p.m. at Fairplex Building 9, at 1101 W. McKinley Ave. in Pomona at the L.A. County Fairgrounds.

-- Tiffany Hsu


Money & Company
Tiffany Hsu

Tiffany Hsu is a former staff writer for the Los Angeles Times. Previously, she wrote about the California economy, fast food, restaurants, retail and alternative energy for the Business section. A Bay Area native, UC Berkeley graduate and eternal Nor-Cal fan, she once worked for the San Francisco Bay Guardian. She also did a stint at the Richmond Times-Dispatch, where she developed a passion for sweet tea. She still has faith that someday she’ll find two economists who agree.

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