WASHINGTON -- The Federal Deposit Insurance Corp. issued a sharp rebuke Friday of an Internet video alleging the agency has let the new owners of failed IndyMac Bank unduly profit from the deal.

The Web clip, circulated this week by Fairfield, Calif.-based Thinkbigworksmall.com, claims among other things that the FDIC’s loss-sharing agreement with the thrift’s new owners allows them to profit from short sales and foreclosures, therefore discouraging loan modifications.

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