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The California Report

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Investors Who Bought IndyMac Make Bank
Pasadena-based IndyMac was one of the biggest banking failures in U.S. history. But three years ago, a group of investors bought it and reformed it as OneWest. Now it's the second most profitable bank in the country. How did that happen?

Carmageddon II?
After the feared traffic tie-up failed to materialize last weekend when CalTrans closed the 405 freeway in Los Angeles for a major project, we asked listeners to suggest a blockbuster title for next year, when the 405 will be closed again.

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