Follow BeltwayBlips on TwitterRegulator Let IndyMac Bank Falsify Report
Published 12/23/2008 by Binyamin Appelbaum and Ellen Nakashima at Wash Post In Congress
A senior federal banking regulator approved a plan by IndyMac Bank to exaggerate its financial health in a May federal filing, allowing the California company to avoid regulatory restrictions only two months before it collapsed, a federal inquiry has found.
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