Socio-Economics The Banksters, the FDIC & You: Who Wins?: "Does the Government REALLY want to fix this financial mess we're in?
Like many banks during the world financial meltdown in 2008, IndyMac closed it doors. Months later, its assets were seized by the FDIC and sold to OneWest Bank by the US Government.
Well, guess who owns OneWest Bank: That would be Goldman Sachs; with bigtime VP Stephen Munchen and bigtime investors, George Soros and John Paulson - of no blood relation to ex-CEO of Goldman Sachs, Hank Paulson - who would be the ex-Secretary of the Treasury.
All IndyMac's residential property mortgages were purchased by OneWest at 70% of their value; all HELOCs were purchased at 58% percent of the value.
But just in case the OneWest guys would feel cozy and warm, the FDIC stepped in and decided to cover 80% to 90% of the losses, due to short sale or foreclosures that they might incur from those naughty IndyMac-mortgaged homeowners..."
Socio-Economics The Banksters, the FDIC & You: Who Wins?