We have the only government crooked enough to even think of a plan like this. Here we all are getting our S.A.F.E. Act numbers taking our test getting our back grounds checked having our finger prints on a national data base. The assumption being we must be the crooks because we are the brokers.
I love it they said today the poor old Lloyd Blankfien wold only get 9 million for last year and Goldman did so very well. I imagine if I had the ability to borrow money at 0% lend it out at 5% tighten the screws on the consumer until thier eyes popped and had complete backing from the Federal Gevernmebt I could make a buck or two. Another liberal making me want to puke George Sorros the defender of the common man. What he is doing is awful and what is worse is that he is doing it with the full backing of our Government. Basically you and I are giving welfare to billionaires. Lord help us because no one else is going to.
This appears to be similar to insurance fraud, don't you think? What would happen to you and I if we worked out a deal with several fat cats that allowed us to scam overpayments out of the Federal Treasury? Wouldn't we be crucified?
This is beyond infuriating. This is scamming the Treasury and killing the borrower when there was no loss experienced by the new lender. They are profiting from insurance claims to the FDIC. Then, they have the brass ones to go after the homeowner?
This appears to be similar to insurance fraud, don't you think? What would happen to you and I if we worked out a deal with several fat cats that allowed us to scam overpayments out of the Federal Treasury? Wouldn't we be crucified?
This is beyond infuriating. This is scamming the Treasury and killing the borrower when there was no loss experienced by the new lender. They are profiting from insurance claims to the FDIC. Then, they have the brass ones to go after the homeowner?
Absolutely. You could not have been more correct.
GS saw they were losing their investment, so they played a major role in taking down IMB, whereas they were already the second largest shareholder. What did they do; they appropriately prepared for the siege on their assets via FDIC in the name of IndyMac Venture LLC errrr OneWest.
FDIC is still suing me today and lying (perjury) in Court all day long. The owners are also using the powers of the FDIC too, which is inappropriate for the government agency. It's a disaster. This is not a civil issue or a business issue: It's crime. Money laundering and wire fraud all day long, which goes in line with your insurance fraud point.
Thanks so much,
Jason
_________________ Woe unto them that decree unrighteous decres, and that write grievousness which they have prescribed;
Isaiah 10:1
FDIC is still suing me today and lying (perjury) in Court all day long.
Thanks so much,
Jason
\
?? over what?
Oh sorry, I did not clarify. IndyMac, in much fraud of course, argued I did not finish construction on-time in 2008, so that is automatic default. FDIC continued their lawsuit.
Thanks,
Jason
_________________ Woe unto them that decree unrighteous decres, and that write grievousness which they have prescribed;
Isaiah 10:1
Never let the facts get in the way of a good story.
FDIC Provides Additional Information on its Loss Share Agreement With OneWest Bank
February 12, 2010
FDIC Director of Public Affairs Andrew Gray said, "It is unfortunate but necessary to respond to blatantly false claims in a web video that is being circulated about the loss-sharing agreement between the FDIC and OneWest Bank. Here are the facts: OneWest has not been paid one penny by the FDIC in loss-share claims. The loss-share agreement is limited to 7% of the total assets that OneWest services, and OneWest must first take more than $2.5 billion in losses before it can make a loss-share claim on owned assets. In order to be paid through loss share, OneWest must have adhered to the Home Affordable Modification Program (HAMP).
The producers of this video perpetuate other falsehoods. The FDIC has not requested to borrow money from the Treasury Department. Indeed, we continue to be funded by the banking industry through assessments, not by taxpayers as claimed in the video.
This video has no credibility. Regardless of the personal or professional motivations behind its production, there is always a responsibility to be factually correct and transparent. The FDIC made available a fact sheet on the day that the sale of IndyMac was announced that details the terms of the contract. It's too bad that the creators of this video opted to premise it on falsehoods."
Never let the facts get in the way of a good story.
FDIC Provides Additional Information on its Loss Share Agreement With OneWest Bank
February 12, 2010
FDIC Director of Public Affairs Andrew Gray said, "It is unfortunate but necessary to respond to blatantly false claims in a web video that is being circulated about the loss-sharing agreement between the FDIC and OneWest Bank. Here are the facts: OneWest has not been paid one penny by the FDIC in loss-share claims. The loss-share agreement is limited to 7% of the total assets that OneWest services, and OneWest must first take more than $2.5 billion in losses before it can make a loss-share claim on owned assets. In order to be paid through loss share, OneWest must have adhered to the Home Affordable Modification Program (HAMP).
The producers of this video perpetuate other falsehoods. The FDIC has not requested to borrow money from the Treasury Department. Indeed, we continue to be funded by the banking industry through assessments, not by taxpayers as claimed in the video.
This video has no credibility. Regardless of the personal or professional motivations behind its production, there is always a responsibility to be factually correct and transparent. The FDIC made available a fact sheet on the day that the sale of IndyMac was announced that details the terms of the contract. It's too bad that the creators of this video opted to premise it on falsehoods."
Just like they didn't commit perjury in FDIC v. Jason Werner in Court in Judge Kathleen O'Malley's courtroom 6/2009. FDIC blatantly lies to this day filing false affidavits. Material facts people. FDIC cannot be trusted. They run around in circles spinning their wheels begging average people to settle to CONCEAL wire fraud when they know they have fraud in their face; ignoring disclosures; leaving records out of filings (in Ohio, we call that tampering with records).
Oh, and what about that Texas judge? What did he say of FDIC's deceit a few years ago? What about the people who file EEOC and get blasted at work for doing so: Material fact (see Yolanda Gibson-Michaels: Former paralegal for FDIC who filed complaints against COO John Bovenzi with the OIG).
_________________ Woe unto them that decree unrighteous decres, and that write grievousness which they have prescribed;
Isaiah 10:1
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