FDIC Faces Mortgage Mess After Running Failed Bank - WSJ.com: Yes that's right the FDIC ran Superior Bank FSB and gave out thousands of Sub Prime predatory loans 6,700 worth more than $550 millon.... Also the IndyMac bail out took up 25% of the FDIC Reserve just that one bank......We could have solved this by simply pegging the Sub Primes at 3% above the Fed Rate and forgiving all penalties to date, not to go below 6.25-6.5% and then no Tax Payer dollars would have been needed to bail out either the lenders or the borrowers and the vast majority of these folks could have remained in their homes and the lenders would not have lost money..!
Monday, July 21, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment