Interim CEO, John Bovenzi discusses biggest bank to fail

John Bovenzi says “Indymac was messy”. Having lost many thousands of dollars myself, I’ll say.

Question…Where did all the depositor money go? Answer…Probably funding bad Fannie Mae and Freddie Mac home loans foe people who did not save for their future, but just gambled on it. I find it really odd how those people still make out (who took loans they could not repay) but the saver-DEPOSITOR loses!

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