Letters: Bank business
Re “OneWest is said to be exploring a sale,” Business, March 9
The current value of OneWest Bank is nearly twice the $1.55 billion investors paid to buy it in 2009. Those great profits, of course, ignore the $13 billion bath the public took when the Federal Deposit Insurance Corp. took over IndyMac in 2009, the bank that became OneWest.
Privatized profits, socialized losses. Tell me again about too much bank regulation.
Kelley Willis
Venice
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