Immoral Hazard

February 8, 2010

More Reasons to Walk Away: Indymac’s Slap in Our Face

Filed under: Banking and Finance, Social Mood Swings —Tagged , , — Patrick Butterfield @ 8:49 pm

This short video does an excellent job of explaining how OneWest Bank (Goldman Sachs) used a sweetheart FDIC agreement to screw both taxpayers and homeowners.

This is more proof that a mortgage contract is 100% business and not in ANY way a moral issue. Banks will screw homeowners in any contractual way they can.

It’s time to burn your mortgage statements and grab your pitchforks.

Click the image to see the video.

2-8-2010 8-40-06 PM

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