FDIC

The Law of Unintended Consequences… OneWest, IndyMac and the FDIC

by Peter Giardini | February 18, 2010

Most of you have probably seen this video regarding the “deal” that appears to have been struck by OneWest and the FDIC when OneWest purchased the assets of IndyMac last year. Once you view the video, read the comments and the FDIC rebuttal you have to wonder what is the Federal Government thinking when it injects itself so [...]

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Commentary

TARP, PIPP, TALF, FRB, FDIC, EESA – An Expensive Alphabet

by Tom Koziol | May 1, 2009

I would suppose every American has heard about the $700-billion financial bailout Washington shoved down our throats. In fact, I believe some people still find it a tough pill to swallow. I know I do. What I also believe is most Americans don’t know about the in-bred agencies, and their fallout, created as a result [...]

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Commentary

IndyMac Bought for $13.9 Billion – A Fishy Deal If You Ask Me!

by Rob K. Blake | January 3, 2009

The FDIC announced late today the sale of the remaining assets of the failed thrift, IndyMac, to a private consortium for $13.9 Billion. Dune Capital Management, J.C. Flowers & Co., and Paulson & Co. spear headed the buy in search of a rehabilitated servicing portfolio Sheila Blair reworked with her aggressive loan modification strategy. This [...]

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