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IPFS News Link • Welfare: Corporate

The Indymac Slap in Our Face

You won't believe the sweetheart deal that the Indymac boys were given by the FDIC. Not only were they guaranteed they couldn't lose money, but the were pretty much guaranteed to make some huge bank courtesy of the U.S. taxpayer. And, Surprise!, they're a bunch of former Goldman Sachs execs. Watch this video to see how it works.