Saturday, January 03, 2009

IndyMac- Failed Bank is being sold by FDIC to a Private Group, Something About this Smells....


There is something about this that sounds fishy ...odd...I am bit confused HOW a bank that is still being investigated for fraud and shoddy practices could be sold so quickly ( under 90 days) and with so little information being released to the public ? Aren't they required to Investigate Thoroughly before SELLING ? and What About transparency ? Aren't they required to be Public about a Sale of a Public Owned and Government Owned bank- because don't we the taxpayers actually OWN this bank ( and it's problems and debt? )..... Call me confused....but I am puzzled...How about you...

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