Comments for Not Too Big To Fail

Comment on Statements by Virginia Parsons

Virginia Parsons — Mon, 13 May 2013 05:30:04 +0000

Mike – Your stamina to fight has opened up a lot of information. As I read your blog and the FDIC and OneWest documents I realize there was more to this than a failed thrift. Your Dec. 2007 10K was strong enough you could have survived especially under TARP. Looks like they took down (sacrificed) IndyMac and Lehman so they could feed the animals with TARP bailout funds. One question haunts me, and only you can answer it – why didn’t IndyMac make the Assignment of Mortgages pursuant to the PSAs?

You can answer me privately. I’d really like your input on the overall securitization process. Something tells me the investment banks dictated to you…otherwise why would FDIC seal the “Unassigned Records” and eliminate the transparency? And why are the investors not complaining about the failed REMICs? Because IndyMac wasn’t the only one not to make assignments. If you can discuss – please contact me.

Comment on Statements by Jack Johnson

Jack Johnson — Sun, 21 Apr 2013 20:22:33 +0000

Mr. Perry,
What are your thoughts on collusion between Schumer, Paulson and the CRL on a deliberate attack on IndyMac? Did Issa ever get the communications info amongst these people he wanted?

Comment on Statements by Fiona T

Fiona T — Wed, 20 Mar 2013 05:29:41 +0000

Mike,

I applaud you for having the courage to break the silence and defend yourself against the bs. You’re a good role model to honest citizens who are wrongly oppressed but can never muster the courage to protest. Our world wouldn’t have so much corruption if more good people stood up for themselves and fought for what they deserved. You’re a brilliant and honest businessman. I’m sure good things will come back around to you. You can’t fail unless you quit trying. The last few years might have been the worst times of your life, but that could only mean one thing: things can only get better from here.

-Fiona

Comment on Personal Statement by Kim

Kim — Thu, 24 Jan 2013 21:23:31 +0000

Dear Mike -
Its now 2013. Its a new era as well. I am good at moving on, but in this case I still miss Indymac and just wanted to express that. As
part of the Pacific Northwest region, we didn’t get to see you often enough. I will never forget though, how much we loved the company -
our brand, our talent and dedication, and your leadership. I’ve not seen a CEO before or since sign company emails as ‘mike’ , lower
case – that said something to me about you. Everything I sensed was quality, integrity, talent and dedication. Indymac truly invested
in its employees , starting with the unusual two week expenses paid trainings we received. I was impressed from the beginning and
even though it felt like the Titanic in the last few months, we showed up everyday for each other. We were a very intelligent group
and we did our job well. I’d even relocate to California to work for you again. I hope you are well and envy any fortunate group of
people you lead in the future. Kim

Comment on Statements by Mark Nelson

Mark Nelson — Fri, 11 Jan 2013 01:02:00 +0000

Hey Mike,
I love Statement 35 that you posted to NTBTF re: your recent settlement with the FDIC. As always, you tell it like it is, this time exposing the FDIC as an unethical thug of the federal government that used its brute power, and the circumstances of depleted insurance coverage for your legal defense, to extract this settlement and the related banking prohibition.

Those of us who have known you well and worked with you closely over the years know that the claims by the SEC and FDIC were completely baseless…..and so do those in these oppressive agents of our government. They spent years and tens of millions of dollars on these sham actions, and come away with almost nothing (as the FDIC will likely not recover anything from the insurance) – a complete waste of resources and unfairly punitive for you and your family. With these matters behind you, I know you will do something exceptional once again. Go and show ‘em, Mike!

Comment on Statements by Nathan Walsh

Nathan Walsh — Wed, 09 Jan 2013 20:15:08 +0000

Mr. Perry, I apologize for not recognizing this earlier as I’ve been engulfed with “reinventing” myself and supporting my family since the collapse of IMB. I was an 8 year tenured employee with the majority of my career firmly entrenched within the Construction Lending Division as a Regional VP. I started off in 2000 as a wholesale RSM, climbing the ranks to AVP within HCL before ultimately accepting a most generous severance package months before the seizure as an RVP East Coast HCL Division. Your leadership, integrity and business savvy will forever be instilled into my business accumen and strategies. Hopefully under your leadership I will have learned enough to help continue to bring myself and family out of these treacherous times. No doubt my time at IMB where the best times of my Life and I only hope and pray you will be able to pull out of this situation and get back into doing what you do best, leading a major corporation. I would go to battle with you anytime. I hope at the time of this print that you are already beginning your next journey. Godspeed Mike…

Comment on Personal Statement by Mike

Mike — Wed, 19 Dec 2012 04:02:42 +0000

I was hoping you would start another company of some sorts and, if you do, I would like to apply;)

Comment on Statements by Heidi Erwin

Heidi Erwin — Fri, 28 Sep 2012 21:50:30 +0000

Mr. Perry – I worked for IMB as an Executive Assistant for a couple years, later I was promoted to the telesales dept, and then CAPS. I thoroughly value my experiences there. All of the wonderful quality training that was made available to me, through IMB, has helped me in all of my jobs after my chapter at IMB. I firmly believe that many politicians and federal agencies used IMB as a scapegoat to further their images or political careers. I am currently writing a 15pg thesis paper for school on the crash of the mortgage industry, starring of course, IMB. I plan on highlighting the improper way that both politicians and the media handled this sensitive situation. I will also address the fact that “blaming the lenders” is a strategy doled out by both the politicians and the media… when in reality there is enough blame to go around, not only from politicians and media, but also stemming from the brokers, and even the borrowers themselves. I thank you for making this information available to me, as they will make extremely useful references for my thesis paper. I also want you to know that my chapter at IMB (I think about 4-5yrs) was one of the best times in my life. IMB was a wonderful company to work for, and I had such positive learning experiences while working there.

Comment on Statements by Ben Vogler

Ben Vogler — Thu, 13 Sep 2012 21:33:25 +0000

Mr. Perry, I had the pleasure of working with you once. Your direct, take charge business style in fixing the issue was impressive and a story I have shared with many over the years. This occurred around 2000-2002. I was the owner of Signature Mortgage in Houston. I was refinancing a $2M new construction loan in Sante Fe, NM for a client in Houston. The file had fallen through the cracks and the lady running your B2B division was completely unresponsive. The client was going to have to pay a huge penalty to his construction source if not taken out that week. I sent you an email detaling the issues. You phoned me within 20 minutes and told me the file would close the next day. I remember that the title company called your firm after that to set up the closing and the IndyMac employee told her “ma’me, everyone in this company is aware of the ( clients name) file, anything you need you just let me know.” You heard my concerns, identified the problem and fixed it….all the while thanking me for my business. I am sorry for the troubles you are going through with the courts and the SEC. Keep the faith and know you have made a positive impact on many people over the years. Good luck.
Ben Vogler

Comment on IMB Messages by Christine

Christine — Thu, 12 Jul 2012 21:16:52 +0000

Mike,
I started at Indymac when I was just 20 years old, I started my career at Countrywide when I was 18. It was my goal to make it to Indymac where I heard nothing but great things. So when finally Indymac and Countrywide split I was able to come over (with out the transfer ). I have never worked for a company since then that I could say I truly Love my Employer like I did while I was at Indymac bank. I remember all the meetings out in the court yard having a laugh working hard and enjoying all of our company around us.
I am still friends w/many of your former employees and we all agree on one thing…No Other Company will EVER compare to this one. From 2001-2007 I had the best time of my life. I was able to learn, grow and mold with the company. Family was # 1 to you along with all the hard work we did. I won’t forget hearing “Mike Perry took a paycut” those words I’ll never forget. The somber days came and we all felt it, but it was okay because we all loved the company even through everything. Your leadership will never be forgot, your personable skills never forgetting where you came from.
It was a family at Indymac Bank. No other company since then has made me feel as warm as Indymac did.
I hope to work for you again sometime in the future.
A now bofa employee who will never forget the good times and best leadership I have ever experienced.