Comments on: Indymac, One West Bank, and FDIC http://www.realestatetrainingacademy.com/indymac-one-west-bank-fdic/ Real Estate Investing Strategies and Real Estate Investing Advice for New Investors Looking to Get Into Property Investing. The Industry Leader Teaching People How to Invest I n Real Estate. Sun, 11 Sep 2011 19:57:41 +0000 hourly 1 http://wordpress.org/?v=3.1 By: hseitz http://www.realestatetrainingacademy.com/indymac-one-west-bank-fdic/#comment-125 hseitz Thu, 18 Feb 2010 02:26:50 +0000 http://www.realestatetrainingacademy.com/?p=1384#comment-125 If this is the case, why are the homeowners getting 1099s counting it as income? Investors can write off the loss... And homeowners that have owned for 2 years or more are okay, but what about the people that got caught in the middle? How the heck are they every supposed to pay taxes on tens of thousands of dollars while the banks are getting paid hundreds of thousans of dollars in their pockets. Just doesn't make sense to me. Maybe the government should have let the banks fail. Capitalism is about working hard. Sometimes it doesn't work out when your business practices aren't sound. Banks should NOT have been bailed out. Truthfully, the stupid banks should have been punished for the bad loans in the first place and not rewarded. If this is the case, why are the homeowners getting 1099s counting it as income?

Investors can write off the loss… And homeowners that have owned for 2 years or more are okay, but what about the people that got caught in the middle? How the heck are they every supposed to pay taxes on tens of thousands of dollars while the banks are getting paid hundreds of thousans of dollars in their pockets. Just doesn’t make sense to me.

Maybe the government should have let the banks fail. Capitalism is about working hard. Sometimes it doesn’t work out when your business practices aren’t sound. Banks should NOT have been bailed out. Truthfully, the stupid banks should have been punished for the bad loans in the first place and not rewarded.

]]> By: gwen http://www.realestatetrainingacademy.com/indymac-one-west-bank-fdic/#comment-124 gwen Thu, 18 Feb 2010 02:14:59 +0000 http://www.realestatetrainingacademy.com/?p=1384#comment-124 Hard to believe! Who's running this sinking ship? Hard to believe!
Who’s running this sinking ship?

]]> By: Peter B http://www.realestatetrainingacademy.com/indymac-one-west-bank-fdic/#comment-123 Peter B Thu, 18 Feb 2010 02:04:14 +0000 http://www.realestatetrainingacademy.com/?p=1384#comment-123 Wow! Crazy stuff. Seems maybe a little more thought and some plain old common sense should have went into that deal! Maybe that's why the Government needs to simply stay out and let the market take it's natural course. No one with an ounce of business sense would give those terms! And noone with an ounce of business since would turn them dowm! Well, it's only the people's money. Wow! Crazy stuff. Seems maybe a little more thought and some plain old common sense should have went into that deal!

Maybe that’s why the Government needs to simply stay out and let the market take it’s natural course. No one with an ounce of business sense would give those terms! And noone with an ounce of business since would turn them dowm!

Well, it’s only the people’s money.

]]>