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 |

[y6162]

Schumer kills the bank and Soros buys it. Must be a coinkydink.

[Proud_USA_Republican]

so should Sheila Blair of the FDIC who colluded with Jamie Dimon of JPMorgan to steal Wamu’s banking assets and wipe out its stockholders.
Schumer and her should both be behind bars.

[berdie]

Is it just me, or does this all have a surreal quality?

[Crim]

Indymac is the smoking gun...

Democrats engineered the financial “crisis”....

Liberal “journalists” have been screaming “housing bubble” for years...

They openly defended Fanny and freddy in the face of facts....

Yeah...their finger prints are all over this...

They knew they could only win the election if the economy “appeared” to be in the tank...

Small problem....(besides the scum and villany)....the mad scientists allways think they can control the monsters they create....yet they never can.

[blueplum]

Soros should be precluded from participating in any bank purchase - his funding of the DNC/MOVEON, et al, demonstrates a definite conflict of interest, and casts severe shadows the “meltdown” was a deliberate, calculated DNC-leadership-driven event. imo jmo moo

best regards, blu

[sageb1]

This is part of the biggest election fraud in history and the story that will be buried.

[angelrod]

You are not the only one. This feels like I’m living in the Twilight Zone.

[Nanny7]

I join in the sentiments expressed here, but WHAT CAN WE DO ABOUT IT? I remember a while back O’Reilly did a rundown on him, then dropped it. Is GS that smart that nothing can be pinned on him?