LA Community Leaders Gather at OneWest Bank HQ to Denounce Multi-Billion FDIC Subsidy

Whoa!

Justice League

FDIC HAS ALREADY PAID $1 BILLION TO ONEWEST, ESTIMATES IT WILL PAY $1.4 BILLION MORE

December 16, 2014- Pasadena, CA: At a press conference today, LA community leaders will release new data that has not previously been shared with the public about the amount of money the FDIC has paid to OneWest Bank under two controversial shared loss agreements. OneWest is part of a proposed, Too Big To Fail bank merger with CIT Group, a merger that over fifty organizations are opposing.

After the CEO of the bank refused to disclose how much money the bank received from the FDIC, the California Reinvestment Coalition (CRC) filed a Freedom of Information Act (FOIA) request with the FDIC. According to data provided to CRC, the FDIC has already paid out over one billion dollars ($1,028,404,397) to OneWest Bank. The FDIC estimates it will pay out an additional $1.4 billion to OneWest…

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One thought on “LA Community Leaders Gather at OneWest Bank HQ to Denounce Multi-Billion FDIC Subsidy

  1. This is the biggest financial ripoff in world history yet the American people don’t seem to care.

    Dubin Law Offices Harbor Court, Suite 3100 55 Merchant Street Honolulu, Hawaii 96813

    gdubin@dubinlaw.net (808) 537-2300 (office) (808) 392-9191 (cellular) (808) 523-7733 (facsimile)

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