I posted an article back in March when the FDIC closed the IndyMac Bank purchase by their hand picked buyer, a group of Wall Street insiders who created a new bank called One West Bank specifically for this purpose. 

I speculated then, the FDIC got hoodwinked into taking all the losses while the new bank got to keep the profits.

Well now it's six months later and OneWest Bank reported a huge profit week and my prediction came true. You can read the post with the new update by clicking the link below...

One West Bank Finalized Purchase of IndyMac