Federal Deposit Insurance System organization
also: FDIC
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Related entities (most co-mentioned)
Steve Mnuchinperson · 5Ellison Starnes Jr.person · 4Penny Pritzkerperson · 3IndyMacorganization · 3OneWest Bankorganization · 3Silverado Savings and Loanorganization · 3Superior Bank of Chicagoorganization · 2Denvercountry · 2Goldman Sachsorganization · 1John Paulsonperson · 1George H.W. Bushperson · 1Richard Ross Millerperson · 1Neil Bushperson · 1Colorado Springsplace · 1Charles Pickettperson · 1Dallasplace · 1Michael Morellperson · 1Barack Obamaperson · 1Shearson Lehman Brothersorganization · 1Citigrouporganization · 12008 financial crisisevent · 1Allied Bankorganization · 1Odessa, Texasplace · 1George Sorosperson · 1
Claims (6)
Federal Deposit Insurance System sued
Silverado Savings and Loan documented
“That made Starnes the second largest borrower there. The loans were made according to a $200 million lawsuit filed by the FDIC against the officers and directors, including Neil Bush, the son of George Bush, the vice president at the time. …”
▶ The Colonel’s Corner Mafia, CIA & George Bush Part 18 @ 37:59
Federal Deposit Insurance System settled_lawsuit_with
Silverado Savings and Loan documented
“As for the $200 million federal lawsuit against Silverado officers and directors, it was settled in 1991 for $50 million, which was paid by their liability bond and other insurance. News reports stated that the only bill Neil Bush was stuck…”
▶ The Colonel’s Corner Mafia, CIA & George Bush Part 18 @ 48:27
Charles Pickett worked_for
Federal Deposit Insurance System book_quoted
“The Office of Thrift Supervision attorneys incredibly did not question either Neal or Pickett about it. Before joining Allied Bank Shares, Pickett was a regional counsel for the Dallas region of the Federal Deposit Insurance Corporation, FD…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 34:51
Federal Deposit Insurance System paid
Steve Mnuchin host_asserted
“But what by IndyMac, they get to keep. And anything they lose money on, the FDIC pays them back on the losses. It's a get-out-of-jail-free card they negotiated. Kind of a sweetheart deal, yeah? That's crazy. Yeah, it pays to be from Goldman…”
▶ Shadow State 45 Secret Societies 28 Hedge Fund Guys @ 39:41
Charles Pickett member_of
Federal Deposit Insurance System book_quoted
“The Office of Thrift Supervision attorneys incredibly did not question either Neal or Pickett about it. Before joining Allied Bank Shares, Pickett was a regional counsel for the Dallas region of the Federal Deposit Insurance Corporation, FD…”
▶ The Colonel's Corner The Mafia, CIA & George Bush Part 2 @ 23:33
Robert Sterling Clark member_of
Federal Deposit Insurance System book_quoted
“after he became the comptroller. So basically, he was kind of owned by Menchner. Although Clark's office does not oversee state-chartered banks like Allied, he did sit on the board of the Federal Deposit Insurance Corporation, again, FDIC. …”
▶ The Colonel's Corner The Mafia, CIA & George Bush Part 2 @ 30:19
Mentions (17)
▶ 26:06
because of the money market than you would get in a savings account or a checking account. But I'm here to tell you people, money markets are not invulnerable. They are not necessarily FDIC insured, and they most certainly can go down in va…
▶ 38:33
And Wall Street, we're freaking in Wall Street. People were not happy. I ended up not working for Morgan Stanley, but that's a different story. So IndyMac's in receivership from the FDIC and owned about $23.5 billion in commercial loans, mo…
▶ 39:07
So he got a great bargain from the FDIC. But he had to raise some capital to do it. And his investment group to buy IndyMac included people like, oh, I don't know, George Soros, John Paulson, Michael Dell of Dell Computers. That's who bough…
▶ 39:41
But what by IndyMac, they get to keep. And anything they lose money on, the FDIC pays them back on the losses. It's a get-out-of-jail-free card they negotiated. Kind of a sweetheart deal, yeah? That's crazy. Yeah, it pays to be from Goldman…
▶ 40:48
Doing business with the FDIC pays off pretty well. Yeah. All right. So what's Juan West up to? He buys several other failed banks, including First Travel Bank of California and La Jolla Bank, which is where I used to bank once upon a time, …
▶ 43:30
Now, were their loans that bad or were they just aggressively foreclosing? The whole reason they did that was because that law sharing agreement deal they cut with the FDIC. You and I pay for that FDIC insurance with our bank deposits. So i…
▶ 1:00:00
But Penny's interesting. Well, first of all, the fun one is they own what's called Superior Bank of Chicago, which is another bank implosion. They were doing subprime lending, overstated their securitized loan valuation. The regulators came…
▶ 25:30
But Superior Bank blew up in, I think, the very early aughts, like around 2000 or so. It was 01, and I remember it because IndyMac was happening on the West Coast at the exact same time. And that actually touched some of my clients personal…
▶ 26:25
And they didn't segregate the customer funds. But what happened with the bank, I mean, people will have to corroborate this. I want to be really cautious with how I'm saying this, but I think there is an entry in there that the FDIC somehow…
▶ 26:46
They were in – Penny Pritzker, I think, ultimately had to kind of check the FDIC for the return of certain funds that I believe may have been in her accounts. I just pulled it up, and it looks like they paid – the family paid $500 million s…
▶ 27:16
Okay, and then Obama makes her Commerce Secretary? Well, of course. She understands how money works. The FDIC just lets her off the hook. There's no referrals or anything like that for anything. And then somehow she gets promoted. Yes, ever…
▶ 34:51
The Office of Thrift Supervision attorneys incredibly did not question either Neal or Pickett about it. Before joining Allied Bank Shares, Pickett was a regional counsel for the Dallas region of the Federal Deposit Insurance Corporation, FD…
▶ 37:59
That made Starnes the second largest borrower there. The loans were made according to a $200 million lawsuit filed by the FDIC against the officers and directors, including Neil Bush, the son of George Bush, the vice president at the time. …
▶ 43:10
to fund the Contras. Massive money laundering at our expense. The federal examination report on Silverado stated that although the written appraisal on the property later came in at $31 million, this was $14 million higher than the price St…
▶ 44:30
For the same property that can't pay its existing loan. This is a repeat throughout this entire book. The lawsuit also said that the loan to the Starnes Group quickly went into default. Again, so the total loss on the Orange Juice loan and …
▶ 45:06
will likely give rise to significant additional loss recommendation, the fraud suit said. The FDIC claims that Starnes falsified financial statements on the loan application to Silverado for the Breckenridge Hilton and states the hotel loan…
▶ 30:36
according to a federal regulator pursuing his hidden assets, the biggest debtor in the country to the federal deposit insurance system, owing more than $200 million for loans that went in default. In 1989, Ross Miller filed for personal ban…