Paulson and Soros Get a Bail Out
09. Feb, 2010 
1 Comment
Have you ever wondered why loan modifications are so hard to get? This video might shed some light on the true motivation for banks NOT to do loan modifications. You’ll see how One West Bank (the bank that “bought” the assets of Indy Mac Bank) makes a guaranteed profit on every short sale courtesy of the FDIC.
Two interesting things:
1) One West Bank is owned by John Paulson and George Soros
2) The FDIC covers the shortfall with taxpayer money.
I’ve known about this for a few mo. now…….I guess that all of the bad loans that were made within the past 10 yrs. were intentionally designed to fail…Homeowners and business were just used as pawns so that a few can capitolize on their ‘failure’……I’m just flabbergasted that this subject hasn’t been made widely public yet, while foreclosures are continuing….