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Regulator Gave Blessing to IndyMac Shenanigans

The Treasury Department’s inspector general has been looking into the failure of IndyMac, which set the taxpayers back $8.9 billion, and what he found isn’t pretty. It seems a certain regulator let the bank present itself as “well-capitalized” when the truth was something entirely different.

Posted on Dec 23, 2008 READ MORE



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10 Troubled Banks

While depositors at IndyMac banks in California do battle for a chance to get their cash out, financial analysts have been crunching the numbers to identify other troubled lenders. ABC News snuck a peek to come up with this handy guide to banks with an unfortunate “Texas ratio.”

Posted on Jul 16, 2008 READ MORE


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