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: Bodily Injury Blog

Federal regulators ignored warning signs about IndyMac

By Edward Bills

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The Los Angeles times reports that Federal regulators ignored repeated warning signs about Pasadena?s IndyMac Bancorp., and their failure to prevent the mortgage lender?s collapse last year cost the FDIC $10.7 billion ? nearly $2 billion more than previous estimates, according to a report released today.

Full post as published by Bodily Injury Blog on February 26, 2009 (boomark / email).

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