Look Who's Buying IndyMac (George Soros among others)

American Thinker ^ | January 03, 2009 | Larrey Anderson

[neverdem]

The FDIC has just announced that a consortium of private equity and hedge fund firms would be buying IndyMac. IndyMac was an independent "bridge bank" spun off of Countrywide Mortgage in the late 90s.  IndyMac acted as a "bridge bank" to Fannie Mae and Freddie Mac.

New York Democrat Charles Shumer precipitated the fall of IndyMac in May of 2008 by releasing "inside" information that the mortgage company was in dire financial straits. This disclosure created the initial "bank run" that is credited by many economists as the initial trigger that prompted the current mortgage crisis. The FDIC took over the operations of IndyMac in late summer of 2008.

So much for history. George Soros is in on the deal to buy IndyMac from the FDIC. Soros has a long history of making loads of money by first creating a financial crisis and then stepping in to grab up the bargains. Perhaps the most famous example of this tactic is "Black Wednesday," when Soros nearly sunk the entire economy of Great Britain through currency speculation.

George Soros has helped bankroll the campaigns of the Democrats in Congress who created this mess. Now, it appears, he is cashing in on his investment.

Hat tip: Otis A. Glazebrook (IV!)

Posted at 03:28 PM | Email | Permalink |

[neverdem]

http://ftalphaville.ft.com/blog/2008/11/18/18341/john-paulson-buys-into-mortgage-securities/

John Paulson isn't related to Hank according to this FT blog.

[FlingWingFlyer]

Shumer should be in jail for his part in this.

[the invisib1e hand]

holy redistribution schemes, batman!

wouldn't say it's premeditated. It stinks enough being post-meditated.

[USFRIENDINVICTORIA]

Any predictions about what percentage of the bailout package winds up in Soros’ hands?

[FlingWingFlyer]

I never dreamed anyone could be rich enough to bring down the greatest country in the world. Georgie Soros proved me wrong.

[freekitty]

Is there something we can do about this?

[Vaquero]

someone needs to teach Soros a lesson with extreme prejudice.

[Vaquero]

Schumer should be made to run the gauntlet of all those who lost a huge chunk of their 401Ks after he precipitated this burst bubble.

[WilliamofCarmichael]

New York Democrat Charles Shumer precipitated the fall of IndyMac in May of 2008 by releasing "inside" information that the mortgage company was in dire financial straits. This disclosure created the initial "bank run" that is credited by many economists as the initial trigger that prompted the current mortgage crisis.

A prominent Rat Party (formerly the traditional, patriotic Democratic Party) hack and multi-billionaire Rat Party patrons doing what they do.

A google News search produced exactly three hits for: IndyMac Soros Schumer

Whittier Daily News, CA,
Forbes, NY (Dec 28, 2008)
Hedgeworld (subscription), NY (Dec 29, 2008)

No surprise.

[Navy Patriot]

This is the manipulation of commodity prices that Adam Smith warned of.

There was a deliberate conspiracy to accomplish this.

Soros and his confederates will end up like Rothschild, they will own everything.

[Bahbah]

Georgie Soros proved me wrong.

I confess I did not think he could do it either.

[Argus]

It’s Soros’s world - we just live in it.

[proudofthesouth]

“someone needs to teach Soros a lesson with extreme prejudice.”

God will - - - eventually.

How old is Soros anyway? I know that he was a Capo during WWII so he has to be in his 80’s.

[CPT Clay]

Still think a disgruntled IndyMac employee should take out their greviences on Chuckie.

[combat_boots]

Where did the shorting of the US dollar start overseas and when?

[combat_boots]

Read more about Soros:

http://en.wikipedia.org/wiki/George_Soros

[HighlyOpinionated]

Barry Zero wanted to be a president/ruler/demi-god and Soros just wants to control all the cash, credit, and purse strings.

Where’s the problem? /sarc

Maybe the Federal Reserve aka Central Bank needs to be investigated.

[SolidWood]

Pure evil out of a James Bond story.

[HighlyOpinionated]

If you have any credit card debt or other unsecured debt, you can LEGALLY be free of paying it. This will allow you to start over from zero owed to credit cards, hospital, etc, and give you the ability to pay CASH (or barter) for goods. I did. It's a heady feeling to be free of monthly interest charges. Follow link and read Dec 18 post on my blog.

[Ben Hecks]

The same names keep popping up. Apparently, convicted felon George Soros is still up to his old tricks.