The Investor Insights » fdic http://theinvestorinsights.com Real Estate Investing in the Real World Wed, 08 Feb 2012 18:53:55 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Paulson and Soros Get a Bail Out http://theinvestorinsights.com/paulson-and-soros-get-a-bail-out/ http://theinvestorinsights.com/paulson-and-soros-get-a-bail-out/#comments Tue, 09 Feb 2010 18:31:21 +0000 Susan http://theinvestorinsights.com/?p=1690 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.


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