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Downey Savings Prepares To File For Ch. 7

By Christie Smythe (November 24, 2008, 12:00 AM EST) -- In one of the latest in a slew of bank failures, Downey Savings and Loan Association FA is preparing to file for bankruptcy on Wednesday after being shut down by the U.S. Office of Thrift Supervision, the company reported in a regulatory filing....

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