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IPFS News Link • Economy - Economics USA

Regulator Let IndyMac Bank Falsify Report

• Washington Post
A senior federal banking regulator approved a plan by IndyMac Bank to exaggerate its financial health in a May federal filing, allowing the company to avoid regulatory restrictions only 2 months before it collapsed, a federal inquiry has found.

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Comment by Donna Hancock
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Comment by Brock Lorber
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No kidding? Who'da thunk?

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