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You are here: Home / Auctions & Deals / One West Bank’s Sweet Heart Deal in Their Purchase of Indymac Bank

One West Bank’s Sweet Heart Deal in Their Purchase of Indymac Bank

February 23, 2010 by Curtis Van Carter Leave a Comment

While reading posts on the approximately 20 blogs I subscribe to, I came across a post By Jeff Brown on Bloodhoundblog.com that made my blood boil and I am certain yours will do so also after viewing this. The video is the work of  ThinkBigWorkSmall who I will subscribe to when I am done with this post. Here is a quote from Jeff Brown’s article which will give you a sense of the deal, maybe it should be called theft, One West Bank received when it purchased Indymac Bank from the FDIC in March 2009.

I know the FDIC went out of its way to issue a Press Release, denouncing the guys at Thing Big Work Small.  I know those guys fairly well (had a few beers with them at the CAMB convention this summer).  The FDIC denounced the video as “factually incorrect”, a day after it came out…then…

One West Bank, who bought the IndyMac portfolio for $1.55 Billion, earned 1.57 billion in its first year of operation.  Now Jeff, youi’re a bright guy…what kind of bank earns 100% ROI in one year?

Here is the video from Jeff Brown’s post, but you can click on ThinkBigWorkSmall links above and go directly to their site.

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Filed Under: Auctions & Deals, From Curtis, RE Current Info Tagged With: current events, Curtis Van Carter, Foreclosure, RE Current Info, Short Sales

Curtis Van Carter, has been one of Napa Valley Real Estate's most knowledgeable and experienced agents. He has been characterized by his clients for his honesty and knowledge to make a home sale or purchase as smooth as possible. If you are interested in selling or listing a home please call or EMAIL Curtis here.

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