Mike Perry – the former CEO of now defunct alt-A giant IndyMac – was a guest speaker at the recent Garrett, McAuley & Co. annual client dinner in San Francisco. According to Joe Garrett’s company newsletter, Perry “gave a fascinating talk about what happened at Indy Mac. He took the helm when it was a REIT with three employees and a market cap of $65 million and built it into a market cap of almost $4 billion with 10,000 employees.” (Eventually it converted into a savings and loan institution and used brokered deposits to fuel its growth.) For those of you unfamiliar with IndyMac, the thrift was an alt-A giant that crashed and burned in 2008 and was taken over by the FDIC. In his newsletter Garrett forgot to mention one interesting fact about the company: it was originally the brain child of Countrywide founder Angelo Mozilo. Countrywide eventually spun off IndyMac into its own company. Perry recently