IndyMac CEO Interview CNBC
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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.
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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...
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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 ?
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The shares of Indy Mack are worth .01 thats 1 cent. Yes 1 penny. Nice right
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This guy was proven soooo wrong.
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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.
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GREAT VIDEO! Thanks for sharing!
Happy Trading!
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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.
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LOL! Look at him lying his butt off. Sure he got a huge bonus on the bank run. Hope he burns in hell.
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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.
jamenolan 3 years ago 6
This dope and Mozilo should be in jail for the rest of their lives.
JP5466 3 years ago 3