IndyMac CEO Interview CNBC

[nategerard]

Also:

On February 11, 2011, the Securities and Exchange Commission charged three former senior executives at IndyMac Bancorp with securities fraud for misleading investors about the mortgage lender’s deteriorating financial condition.

The SEC alleges that former CEO Michael W. Perry and former CFOs A. Scott Keys and S. Blair Abernathy participated in the filing of false and misleading disclosures about the financial stability of IndyMac and its main subsidiary, IndyMac Bank F.S.B.

[nategerard]

Of course hindsight is 20/20. However, his talking points seem a lot like what his PR people told him to say to put off the crash just a little longer. We all know what happened to IndyMac soon after this interview.They would go on to be a huge moneymaker for OneWest. That's another story...

[danboy524]

america itself is a ponzy scheme. do a you tube search on "why is america based on greed" , listen to Craig Harringtons e x c e l l e n t piece on how we got here. also you tube search "indymac sweetheart deal" if you have'nt already seen it. everyone should walk from their house who is under water if only to make a definitive statement for the american ponzy scheme. anyone notice the news on mar 10 2011 that there are more billionaires than ever ? And that their riches gew by 25% last year ?

[foodboy179]

The shares of Indy Mack are worth .01 thats 1 cent. Yes 1 penny. Nice right

[nategerard]

This guy was proven soooo wrong. 

[jeremyraybrown]

Can anybody be trusted? I guess to get to the top of the banking or political arena you need to lie, grovel, cheat, and corrupt.

[StockMarketVideo]

GREAT VIDEO!  Thanks for sharing!

Happy Trading!

[parkerxxxxxx]

Mike used to send a daily email corporate wide to all IMB employees extolling the virtues of his company, and how solvent they were and how they would "rise above this mess". He often took a jab at his nemesis, Angelo Mozilo.

His messages became more terse and strained as 2007 wore and until he dropped out of sight altogether. I hope Mike is being fitted for a pin striped suit of another kind very soon. Sort of apropos that he's wearing one in this interview.

[supergirl2025]

LOL! Look at him lying his butt off. Sure he got a huge bonus on the bank run. Hope he burns in hell.

[tchen10]

Mike Perry is a cheat, liar, a con man and he is the one that should get fired.

[Anothercoilgun]

Ha haha... Look at Countrywide and Indymac now!!

Would be nice to step into a time machine and reach across the table and say "What the fuck, why is your mouth moving, look at this shit you did. now shut the fuck up"

[777999777999]

If you go back a few years, Congress leaned on the banks to ease credit restrictions and to make money available to people with bad credit.  If they didn't, they were punished, so they did. And look what happens. Congress of deserves a healthy share of the blame for messing around in the private sectore and trying to control the markets.

[777999777999]

But this guy is scum. The crooks have got to be held accountable. The Fed screws the taxpayers when they let stuff like this go on.

[MYFreeSpeach4U]

This is called selling a bank, and the people to keep investing, then you'll see it go down the tubes, as of updates are here now, good bye, hello fed,

[tornadohurricane5]

yeah dickies like this get to keep their big paydays while Joan Rubin has to beg in a fold up chair for just a chance to get her money paid back to her by taxpayers. Every executive at these failed institutions should have to be held responsible for people unwittingly losing their money.

[alimachete08]

This guy doesn't come across as smart enough to teach a college class. How the f*ck did he get that job?

[JP5466]

This dope and Mozilo should be in jail for the rest of their lives.

[ab330]

..step right up and get your free money..you say you need a 100k..200k.. well, here is 500K$ only 1000/month.. yes siree...500k$ only a 1000/month while supplies last..

[duncan36]

Holy crap look at the price of oil on the ticker. $60.

[sunsetandvine]

i think this whole thing is great, especially for cheap chinks that were greedy and refused to use bank of america, out of pickyness and going "green"! HAHAHAHAHAHA!

[jamenolan]

These guys should be rigged to a lie detector that shoots an electrical charge to an anal electrode everytime they tell a lie. That would make good TV. This guy would have smoke coming out of his eyeballs.

[Ganon2234]

i LOLed o hard JANENOLAN . but really... rich trying to get more rich is what is ruining the economy right now.. housing... credit... gas prices (big market speculation) .. its all the rich trying to get more rich. a new president cant really help because these are all issues dealing with private corporations. you know obama is getting in and all he wants is more government programs and more subidies.. which demands more tax- more middle/ lower class strains...

[TYX91101]

Perfect example of 'doublethink', per Geoge Orwell:

"To know and not to know, to be conscious of complete truthfulness while telling carefully constructed lies, to hold simultaneously two opinions which cancelled out, knowing them to be contradictory and believing in both of them."

[phineastbuster]

The top executives of the financial institutions that did deceptive practices with sub-prime lending should face the same penalties as Enron and World Com. Charles Keating, head of the former Lincoln Savings and Loan, spent years in prison for less than these thief's.Their actions resulted in people loosing their homes and their life savings.

[kossmikham]

Lying sack-o-shit. It's greedy bastards like this scumbag that caused the credit f@#kup. Put this mother f@#ker in jail and feed him scum scraped from the bottom of movie theaters.

[taubstumm]

I thought the people who take loans and cant pay back were to blame

[holon67]

did you think you saw a puddy cat too? we dont really care

[jsmith2007LOL]

Next. Washiton Mutual boo yah!!! But first put this Perry guy in jail right now.

[bushtyranny]

I am sure IndyMacs CEO retired with plenty of cash and bonus for a job, well, DONE. Maybe he can fake his own death to avoid charges like Ken Ley. The whole Rothchild monopoly is going down, but not after they milk the world first.See movie Zeitgeist and learn the truth.

[cadbetts]

White Man Talking

[bushtyranny]

I think its Perryman, or Perrystein.

[70road]

God is Erin HOT!

[tonyandbird]

I think Mr Perry was talkink out his ars.

he sounds like he is talking about somthing very different from what is really going on!

[OmarThePug]

who's next?

[ptaba123]

lol

[ryanshaunkelly]

Nader Paul Kucinich Gravel

McKinney Ventura

Perot charts

TRUTH

Fisa IndyMac

RATM?

[gzies1]

seized and closed by US regulators on July 11, 2008. They went straight to hell in a handbasket...Maybe Mr. Perry was a bit too optimistic in this CNBC interview, LOL

[dloansdloans]

dude, indymac warehoused most of their own loans, nobody wanted this to go bad- they stuck it out longer than anyone else- don't be mad at the banks, they sold was people wanted.

[ParisUtube]

now it's 67 cents a share......I hope Perry goes to jail !!!

[187GangBoy]

Fuck Indymac!!! They're a fuckin' joke! Dem niggaz can choke on a dicK!

[christophgerald]

we went from 50 bs pts in subprime to 12 in 2 yrs, now reps are making average 5-8 basis pts. indymac is a fucking joke

[christophgerald]

indymac down to 26.00 from 41 and falling......

Worst service in the industry