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The Indymac Slap in Your Face – You Won’t Believe This!

Tuesday, February 9th, 2010

I didn’t believe it … but then I saw it with my own eyes. You’ve gotta check out this sweetheart deal that the FDIC gave to Indymac.

Check out what Chris Rock, a MustKnowInvesting.com student (and Twitter follower) had to say about it:

FDIC_Indymac_Twitter

This could make your blood boil sooooo watch out!

Click Below NOW and see for yourself …

FDIC_Indymac

How do you feel about this?

Please put your thoughts in the comment area.

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Tags: fdic, George Soros, indymac, indymac slap, indymac slap in your face, John Paulson, OneWest Bank, Steven Munchen, the indymac slap in your face

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  • http://REItips.com jp moses

    I saw this yesterday, Patrick. Just as outraged as you are. RIDONKULOUS! Makes you wonder how come the mainstream media hasn’t been crying foul…at least not that I’ve noticed. Have you seen/heard about this anywhere else?

    …jp
    .-= jp moses´s last blog ..5 Email Tricks That Flip Houses =-.

  • Patrick Riddle

    Yo jp,

    I googled “The Indymac Slap” this morning and saw that there are a handful of bloggers picking up the story and sharing it since yesterday.

    I bet it hits mainstream media in another week or so.

    ~ P-Rid

  • http://www.lifeasrealestateinvestors.com Julie

    WOW!!! What a story. Even as a Canadian I can appreciate the craziness.

    Now… onto a totally unrelated topic. I saw on another blog that MKI has a Facebook Fan page… how does one find said fan page and become a fan?? There is no button to behold?? Or something like that…
    .-= Julie´s last blog ..Let’s Play A Game – What’s Missing in the Kitchen? =-.

  • http://www.elainewilliams1954.com Larry Davis

    This gotta be a joke,right.

  • Patrick Riddle

    Hey Julie … yep, I’ve got a fan page now … come on over and fan me up :-)

    http://www.facebook.com/pages/Patrick-Riddle/194035716761

    Larry … this is no joke. Unbelievable, right?

    ~ P-Rid

  • Bill Walston

    Now don’t THAT just chap ya butt???? Sure explains why so many folks are getting stonewalled on their loan mods! Wonder how many other banks got this sweetheart deal?!?

    ~Bill (@resherpa)

  • Patrick Riddle

    Hey Bill … good question man. Probably more than we’d like to know.

    ~ P-Rid

  • Matt

    Enough I’m sure…in some way shape or form.

    I happened to somewhat “know” (slightly) someone who is working a trial loan payment right now through IndyMac. Man I wish him the best of luck…think he just started making trial payments, but it’ll probably drag on for months in the “trial” and then even if it gets approved after that!

  • Patrick Riddle

    True Matt. It will be interesting to see how it plays out.

    Here’s a another comment that I got through email yesterday:

    “I saw this earlier and yes, it did make my blood boil.”
    – Phil

    I hear ya Phil.

    ~ P-Rid

  • http://www.purebargainproperties.com Chris Rock

    I’m FAMOUS!

    I’m happy to see that this is picking up steam with the mainstream media! Look at p-rid using his social networking power to spread the word. Nice job buddy!
    .-= Chris Rock´s last blog ..Hello world! =-.

  • Patrick Riddle

    Yep you are buddy :-)

    I’m lookin’ forward to seeing what your Pure Bargain Properties blog is all about.

    I like it!

    ~ P-Rid

  • http://stephaniepeay.wordpress.com Stephanie Peay

    Does anyone know what happened to the video? The link didn’t work and I couldn’t find it anywhere when I did a search.

    Thanks
    .-= Stephanie Peay´s last blog ..Project “End 2009 With A Bang” =-.

  • http://www.QueenCityHomeBuyers.com Jason Michelli

    Hey Patrick,

    Do you think we could partner up to get a deal like this?!? Wow…that’s all I have to say. It sounds like I need more “friends” in high places like these guys!

    Jason

  • Patrick Riddle

    Hey Stephanie … I just clicked it and it worked fine. You may wanna give it another try.

    Jason … that would definitely be nice if we could. Yeah me too.

    ~ P-Rid

  • http://subject2.com Nick@Subject2.com

    Crazy video isn’t? I posted the same video on my site but I don’t think I got as many comments so it was hard to get others opinions. At least you got some.

    Those guys do a really great job at making it easy to see the big picture.
    .-= Nick@Subject2.com´s last blog ..Subject2 eBook =-.

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    Who's Behind Must Know Investing?

    Patrick Riddle:
    Patrick grew up in Lexington, South Carolina. Went to Clemson University for several years studying civil engineering and wound up doing real estate investing in Charleston, SC.
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