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If you have any questions or need more detailed information, please feel free to contact us at 785-294-6873 (785-BY-HOUSE) or fill out the form to let us know how we can help with your real estate needs. Being a very busy person---I must tell you email is best so I don't miss the message can paste it on my calendar.

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Little Guy Gets Screwed Some More -- FDIC, Crony Capitalism and Corruption is Nothing New

Posted by Jay Seville on Tuesday, February 16th, 2010 at 8:15am.

Sweetheart Deals, Crony Capitalism of FDIC & OneWest Bank Symobolic of Little Guy Consumer Getting Screwed...Again

One of the great blessings of being a citizen of the United States is the liberty to achieve whatever levels of "success" you desire whether it be financially or in terms of other priorities you have such as social justice or your family.  You have the liberty to do things your way to a large degree and take your own risks and sink or swim as a result.  What is disgusting is double standards and an unlevel playing field that operates in our highest levels of government where crony capitalism with industry leaders desiring to quash competition, politicians, heads of goverment departments and semi-government owned companies getting special treatment and deals while the individual entrepenuers get no special arrangements. 

And then even when elected officials are called out on bogus arrangements and policies nothing changes.  An example might be the whole Fannie Mae $$$ fiasco where politicans and department heads were made aware of its bogus policies while the whistle blowers were told to get a life and shut up. Meanwhile these same head in the sand people got special deals, campaign funds and some made $10,000,000s personally for their bogus policies even after they were called out on it.  Until hardcore libertarian/fiscal conservative types are elected this crony capitalism will continue period.  That's not a to slam republicans or democrats, but it is a statement of fact if you investigate.

This happens all over the place including medicine and conflicts of interests $$$ of leaders and decision makers within American Medical Association and pharmaceutical companies making bogus recommendations that are unsound medically lacking the ability to be objective due to their compromised financial interest in the recommended policies/guidelines. The consumer gets the shaft on these corrupt arrangement, deals and policies.

FDIC and its Sweetheart Crony Captalitalism Deal to Investors/Owners of One West Bank

Lately an example has come up with the FDIC and its unbelievable sweetheart takeover and sale deal of Indymac to OneWest Bank whose primary investors include former Goldman Sachs & Soros types with outrageous $$$ arrangments.

Details of FDIC Sale of OneWest Bank to Connected Investors and how it relates to your neighbor's short sale:

Watch this 2 minute video to see it explained in a fun and entertaining way including how it pertains to your neighbor's short sale.

onewest_bank_and_fdic_crony_capitalism_989 

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1 Response to "Little Guy Gets Screwed Some More -- FDIC, Crony Capitalism and Corruption is Nothing New"

Fed Up With Government wrote:
We had a loan with Indymac for many years, with no late payments. There are many foreclosures in our area and my wife got cancer. When we heard Obama offering assistance, we called Indymac. They had us fill out applications, then we heard nothing more. We called back and they asked for more information...this continued for months, while my wife was ill. Finally, we were told, because they were a new bank, they couldn't give the loans...yet they had continued taking our financial information. We were told we would be called when they could. No one called.

We called back again and were told to refile (one YEAR later while our original application was pending.) We again gave them information. They insisted on averaging income from one month's pay stubs and month to date information. They refused to take into consideration time off for care for my wife and non-paid vacations and holidays. Months elapsed...FreddyMac offered to step in, but mostly were apologists for OneWest. There was no mention of HAMP...OneWest refuses to do HAMP loans. FreddyMac refuses to transfer individuals to other servicers. Its as though OneWest tries to get individuals to walk out on their homes...and it appears either the investors in Indymac are making Obama into a liar or Obama is a liar in giving Indymac to them...nonetheless, it was the corporations that did this to the American people and Obama protecting the corporations, through FreddyMac and Treasury. Its a sham...there is NO REAL assistance for individuals. Indymac is not honest or ethical.

Posted on Tuesday, August 17th, 2010 at 4:58 PM.




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