Interesting link to a video about Indy Mac's sweetheart deal with the FDIC

Very interesting...

http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1372667

Replies to This Discussion

Permalink Reply by Maria Evans on February 26, 2010 at 7:04am

Jeff,
I asked NAR about this video and it seems it is not true. Here is FDIC answer to the video:

http://www.fdic.gov/news/news/press/2010/onewest_lossshare.html

Permalink Reply by Smitty on May 14, 2010 at 1:38pm

The makers of the video responded as well
http://www.thinkbigworksmall.com/mypage/archive/1/32274

Everything I've read seems to point to it's true. They did get a GREAT DEAL.
This outlines a lot of it:
http://stlouisrealestatenews.com/financing/fdics-sale-of-indymac-to...

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