Detailed text transcripts for TV channel - CNN - 20170119:15:45:00
Agreement with the fdic. they later confirmed that our bid was almost $1 billion higher than the next best bid. we were willing to invest $1.6 billion into the most costly bank failure ever to the fdic deposit fund. we did this because we believed in our ability to rebuild and create a successful regional bank. we believed in the recovery for the american economy. let me be clear. my group had nothing to do with the creation of the risky loans in the indy mac loan portfolios. when we bought the bank, we assumed these bad loans, which had been originated by previous management. some of those in...
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