FDIC Accused of Sweet Heart Deal With OneWest
The Federal Deposit Insurance Corporation is accused of giving OneWest Bank FSB an incredible deal in its March 2009 acquisition of IndyMac Federal Bank FSB.
The government agency found itself the subject of an attack in a video by ThinkBigWorkSmall, which claims the FDIC sold IndyMac mortgages to OneWest at a big discount, while it remains liable for millions more in payments to OneWest.
In an unusual move, the FDIC acknowledged the video but called the claims "blatantly false."
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