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THE HERTZOG BLOG: Is The FDIC Killing Short Sales?

Is The FDIC Profit Suddenly Sales?

As some of you already separate, I blogged recently about being interviewed recently by our specific NBC scandal affiliate.  To interpret the blog, click here .  Basically, IndyMac Bank (now OneWest Bank), is holding one of my clients gage, insistent a $75k promissory note, or they will proceed to foreclosure.  For the existence of me, I couldn't reckon out why they were doing this.  The BPO came in at the agree valuation of $275k, with a net to IndyMac of $241k.  What sway could there by any chance be for them to proceed to foreclosure?

Yesterday, I figured it out.  You see, IndyMac was charmed over by the FDIC and sold to OneWest Bank in March/2009.  Guesstimate who the investors are behind OneWest?   George Soros, Michael Dell, Steve Mnuchin (former Goldman Sachs government), and John Paulson (hedge-finance billionaire).   

Now, keep one's ears open to the practise they got from the FDIC....

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