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The Banksters, the FDIC & You: Who Wins?

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This video clearly explains the war taking place on US soil against the Middle Class of America by the banksters, in collusion
with the FDIC. The effects of this *massive crime* are are affecting economies throughout the world.

Watch this and learn how banksters are bilking the US Taxpayer while simultaneously bringing financial ruin to upstanding Citizens.

4,000,000 or more Americans have been forced to leave their homes, to live in the shanty towns blossoming throughout the American Southwest, over the past couple of years.

This clip will make your blood boil!

Below is the essential transcript of this video clip:

...

Does the Government REALLY want to fix this financial mess we're in?

Like many banks during the world financial meltdown in 2008, IndyMac closed it doors. Months later, its assets were seized by the FDIC and sold to OneWest Bank by the US Government.

Well, guess who owns OneWest Bank: That would be Goldman Sachs; with bigtime VP Stephen Munchen and bigtime investors, George Soros and John Paulson - of no blood relation to ex-CEO of Goldman Sachs, Hank Paulson - who would be the ex-Secretary of the Treasury.

All IndyMac's residential property mortgages were purchased by OneWest at 70% of their value; all HELOCs were purchased at 58% percent of the value.

But just in case the OneWest guys would feel cozy and warm, the FDIC stepped in and decided to cover 80% to 90% of the losses, due to short sale or foreclosures that they might incur from those naughty IndyMac-mortgaged homeowners...

The reason why we think you should know about this case is because the Loss Calculations are based on the ORIGINAL home mortgage and NOT the 70% of the ORIGINAL value at which it was purchased by OneWest.

This is an actual sample case fro one of our TBWS viewers…now, this is going to get your blood boiling!

Take an actual loan $478,000 + 6 months of missed payments for a grand total of $485,200. OneWest Bank paid 70% or $334,600 for that loan. ($485,200 X 70% = $334,600).

Then, that underwater homeowner got an all-cash short sale offer for his home that netted $241,000 to OneWest Bank.

Now, according to the FDIC formula, you take the actual amount that OneWest paid for the mortgage: $334,600 but instead they get to use the ORIGINAL amount of the mortgage of $485,200 MINUS the short sale offer of $241,000 and you have an "Adjusted Loss" of $244,200.

Next, according to the sweetheart deal, the FDIC writes a check to OneWest bank for 80% of the net loss ($244,200 X 80%), so the Taxpayer, courtesy of the FDIC pays OneWest $195,360.

Now, ADD the $195,360 paid by the Government to the short sale offer of $241,000 and One West Bank just made: $436,360 on a loan that they only bought for $334,600! And all they had to do was sell it for what they wanted to!

Guys! They can't lose money on this deal! OneWest Bank just profited on this short sale to the tune of $101,760 -- all because of the sweetheart deal they made with the FDIC.

So, if you ever ask yourself, "Why is it so hard to get a mortgage loan?" The answer is that *there's too much money to be made on short sales and foreclosures.*

Ready for an encore? The house still was sold for less than the original loan amount and the *borrower was forced to sign a promissory note for $75,000* to OneWest Bank!

So who really wins in the end? Well, just let you decide...

By the way, the FDIC just announced that they would start needing to borrow money from the Treasury -- the Treasury being the place where all those Goldman Sachs guys used to call home before they called OneWest Bank home.

If you're as mad about this as we are, share this with as many people as you can, so we can all understand more about this business that we care so deeply about...