http://www.zerohedge.com/article/fdic-responds-indymaconewest-video-alleging-sheila-bair-transferred-billions-taxpayer-funds-
A few days ago we posted “The Great Highway Robbery Continues: How the FDIC is Legally Transferring Billions in Taxpayer Money to Hedge Funds” which presented a clip by Think Big Work Small, highlighting what was seemingly a grand scheme to defraud taxpayers with the FDIC’s complicity. Today, the FDIC strikes back, issuing a Press Release claiming the video contains “blatantly false claims”, “perpetrates other falsehoods” and has “no credibility.” The counterargument which is supposed to render all allegations of impropriety false: “OneWest must first take more than $2.5 billion in losses before it can make a loss-share claim on owned assets” and that “in order to be paid through loss share, OneWest must have adhered to HAMP.” Unfortunately, reading between the lines of the response indicates that not only are the falsehoods actually truehoods, but the video is still, sorry Shila, quite credible.

snip

Sorry FDIC, but not only did your press release not refute the video’s claims in the least, but you just dug yourself an even deeper grave as every aspiring blogger and investigative reporter will now do everything in their power to find comparable examples of blatant “slap in the face” fraud expecting you to retort to any and all allegations, ensuring 15 minutes of fame for all implicated.

http://www.zerohedge.com/article/fdic-responds-indymaconewest-video-alleging-sheila-bair-transferred-billions-taxpayer-funds-
A few days ago we posted “The Great Highway Robbery Continues: How the FDIC is Legally Transferring Billions in Taxpayer Money to Hedge Funds” which presented a clip by Think Big Work Small, highlighting what was seemingly a grand scheme to defraud taxpayers with the FDIC’s complicity. Today, the FDIC strikes back, issuing a Press Release claiming the video contains “blatantly false claims”, “perpetrates other falsehoods” and has “no credibility.” The counterargument which is supposed to render all allegations of impropriety false: “OneWest must first take more than $2.5 billion in losses before it can make a loss-share claim on owned assets” and that “in order to be paid through loss share, OneWest must have adhered to HAMP.” Unfortunately, reading between the lines of the response indicates that not only are the falsehoods actually truehoods, but the video is still, sorry Shila, quite credible.

snip

Sorry FDIC, but not only did your press release not refute the video’s claims in the least, but you just dug yourself an even deeper grave as every aspiring blogger and investigative reporter will now do everything in their power to find comparable examples of blatant “slap in the face” fraud expecting you to retort to any and all allegations, ensuring 15 minutes of fame for all implicated.

http://www.zerohedge.com/article/fdic-responds-indymaconewest-video-alleging-sheila-bair-transferred-billions-taxpayer-funds-
A few days ago we posted “The Great Highway Robbery Continues: How the FDIC is Legally Transferring Billions in Taxpayer Money to Hedge Funds” which presented a clip by Think Big Work Small, highlighting what was seemingly a grand scheme to defraud taxpayers with the FDIC’s complicity. Today, the FDIC strikes back, issuing a Press Release claiming the video contains “blatantly false claims”, “perpetrates other falsehoods” and has “no credibility.” The counterargument which is supposed to render all allegations of impropriety false: “OneWest must first take more than $2.5 billion in losses before it can make a loss-share claim on owned assets” and that “in order to be paid through loss share, OneWest must have adhered to HAMP.” Unfortunately, reading between the lines of the response indicates that not only are the falsehoods actually truehoods, but the video is still, sorry Shila, quite credible.

snip

Sorry FDIC, but not only did your press release not refute the video’s claims in the least, but you just dug yourself an even deeper grave as every aspiring blogger and investigative reporter will now do everything in their power to find comparable examples of blatant “slap in the face” fraud expecting you to retort to any and all allegations, ensuring 15 minutes of fame for all implicated.

Thanks for the link SD Transplant. Very frustrating and upsetting. I wonder how all those in favor of the bank bailout feel now.

CR says it’s not true.

Thanks for the link SD Transplant. Very frustrating and upsetting. I wonder how all those in favor of the bank bailout feel now.

CR says it’s not true.

It’s quite rare that the FDIC would respond to a blogger. It must have really gotten under their skin. Zerohedge has been going back in forth on a few issues with the Goldmine Sach’s PR people. It’s good to see blogs are starting to make a big impact on establishment lines.

It’s quite rare that the FDIC would respond to a blogger. It must have really gotten under their skin. Zerohedge has been going back in forth on a few issues with the Goldmine Sach’s PR people. It’s good to see blogs are starting to make a big impact on establishment lines.