It does not address the issues raised in the video. What does 7% mean? 7% of OneWest’s assets could mean 100% of Indymac’s assets. Besides, 7% is a lot. Why should they be covered if they want to claim that they took the liabilities. The point of the video was that they paid a degraded value for purchasing the loan but will be covered under the original value making a neat profit. That would be a bank robbery with the entire bank being robbed and merged with OneWest. The same thing happened to WaMu. They were robbed and the spoils were given to JP Morgan.
Yes. This is also interesting:
The FDIC made available a fact sheet on the day that the sale of IndyMac was announced that details the terms of the contract.
So, FDIC, where is this "fact sheet?"