Complex sentence: On July 11, IndyMac, a spinoff of Countrywide, was seized by federal regulators-and called for a $32 billion bailout-as the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.
Split into simpler sentences: On July 11, IndyMac, a spinoff of Countrywide, was seized by federal regulators-and called for a $32 billion bailout. The mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.