Is FDIC still paying off on "Loan Losses"

One West Bank’s “sweetheart” deal with the FDIC, they will actually earn BIG BANK for any Indymac loans that go to short sale or foreclosure.

Any “losses” taken for any short sale or foreclosure is calculated in such a way that One West Bank just CAN’T LOSE

Now it makes sense why loan mods are so darn hard to work out! They have an big incentive to NOT work them out!

And now the FDIC needs to start borrowing money from the Treasury (i.e. taxpayers) to make it all work?

http://reitips.com/fdic-onewest-indymac/


You can't say this didn't happen on Obama's watch