Advertisement
 
YOU ARE HERE: LAT HomeCollectionsLetters

Letters: Bank business

March 14, 2013

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

ALSO:

Letters: Tell that to Thatcher

Letters: The Wal-Mart moviemaker

Letters: Doctors, drugs and addicts

Advertisement
Los Angeles Times Articles
|
|
|