I just watched a short video and thought you might like to see this. It illustrates what our government is doing with our money, specifically regarding the mortgage industry. Do you wonder why mortgage modifications seem to be so tough and rarely get approved?
The FDIC has a special arrangement with One West Bank. One West Bank purchased the mortgage assests of IndyMac Bank back in 2008. They purchased these at 70% of the loan amount. They have a "arrangement" with the FDIC on how they reduce their risk in the event of default. In case you werent' aware, One West Bank is owned by a VP with Goldman Saks Bank and George Soros among others.
This video will make blood shoot out of your eyes:
http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1385485
Forward this to everyone you can think of. Let me know what you think.
Cody
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