http://www.indymacdepositors.com/complaints/elizabeths-letter Still Hoping for our Change! Sat, 17 Jul 2010 10:13:42 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.indymacdepositors.com/complaints/elizabeths-letter/comment-page-1#comment-10 David in Florida Wed, 17 Dec 2008 02:37:00 +0000 http://www.indymacdepositors.com/uncategorized/elizabeths-letter#comment-10 TARP stands for Troubled Asset Relief Program. The purpose for TARP was so the government could purchase the "toxic" assets/mortgages from the banks balance sheet to make the banks financially stronger. I do believe that Indymac has an abudance of these "toxic" mortgages on their balance sheet. If the government would use these TARP for their intended pupose it would definately increase the potential sale value of Indymac and make Indymac much more attractive to a potential purchaser. This would allow the FDIC to return money to uninsured depositors. Because the FDIC is using Indymac Bank as a sacraficial lamb for the purpose of loan modifications they should just pay us back our money. If this loan modification program proves unsuccessful it will further deteriorate the potential value of Indymac for a future sale. TARP stands for Troubled Asset Relief Program. The purpose for TARP was so the government could purchase the “toxic” assets/mortgages from the banks balance sheet to make the banks financially stronger. I do believe that Indymac has an abudance of these “toxic” mortgages on their balance sheet. If the government would use these TARP for their intended pupose it would definately increase the potential sale value of Indymac and make Indymac much more attractive to a potential purchaser. This would allow the FDIC to return money to uninsured depositors. Because the FDIC is using Indymac Bank as a sacraficial lamb for the purpose of loan modifications they should just pay us back our money. If this loan modification program proves unsuccessful it will further deteriorate the potential value of Indymac for a future sale.

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