FBI looking into IndyMac Bancorp.

[Gman]

Source: AP via Yahoo

WASHINGTON (AP) -- Now-defunct IndyMac Bancorp Inc. is under investigation by the FBI for possible fraud in connection with home loans made to risky borrowers, The Associated Press has learned.

It was not immediately clear how long the FBI's probe of the bank has been ongoing.

The investigation is focused on the company -- which was taken over last Friday by the FDIC -- and not individuals who ran it, a law enforcement official said Wednesday. The official spoke on the condition of anonymity because he was not authorized to speak publicly about the investigation.

Read more: http://biz.yahoo.com/ap/080716/mortgage_investigation.html

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And IndyMac blames Sen. Schumer for their problems.

[whistle]

1. Were IndyMac and CountyWide connected in some way?

[slackmaster]

4. The late David S. Loeb, former Chairman of IndyMac, co-founded Countrywide

With Angelo Mozilo.

Yes, they are related in the same kind of incestuous relationship that has long been common in the financial services business.

[whistle]

7. Both financial mafia made men

[Tandalayo_Scheisskopf]

2. Schumer and Obama...

Need to run hard with this ball.

[Wilber_Stool]

3. The investigation is focused on the company

and not individuals who ran it.

How can you investigate the company but not those that run it?

[rucognizant]

5. ??????????

Also, I think I heard that ELLiot SPitzer was conducting an investigation a couple years ago.
He is a PERFECT example, for towing the admin. line if you have ANY dark secrets in your life! ( and you are a politician)

[oldskool]

9. He wrote an article

in the Washington Post 2/14/08. The day after meeting with the
escort. Just a coincidence?

[whistle]

8. The Bush Justice department prosecutors can it seems

[Indenturedebtor]

6. But who needs regulation?

Maybe we need a brand new oversight agency to oversee all the regulators. I know - Congress is supposed to do that but they're in cahoots.