The HAMP, FDIC & OneWest Bank Scam

by Admin on February 8, 2010

Does the Obama Administration really want to clean up this mess?

Indymac and the FDIC

Indymac closed it’s doors and was seized by the FDIC in July 2008

Indymac now is OneWest Bank

The assets of Indymac Bank were sold to OneWest Bank by the FDIC in March 2009

Steve Munchin John Paulson George Soros

So who owns OneWest Bank? Goldman Sachs VP Steven Munchin along with left-wing progressive billionaire George Soros and John Paulson… Yes, the brother of Hank Paulson, remember the ex-Secretary of the Department of Treasury aka ex-CEO of Goldman Sachs?

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(Remember: Indymac was one of the largest holder of the Option mortgages. If you don’t recall, the option mortgages are the mortgages that you only pay a 1% interest rate and the actual rates will fluctuate around the the actual rates offered, so if the actual rate was 6% then the Indymac homeowner deferred 5% of his/her payment to the back of the loan AND that increases the amount owed to the bank, aka, the mortgage balance. Furthermore, in a depreciating environment where home values have declined by 50% in a lot of areas, it looks uglier and uglier for the tax payer! Let me continue…)

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