Government involved in corporate scandal? Big surprise!

Two months before IndyMac Bancorp collapsed in July, at a cost of $8.9 billion to taxpayers, a top federal banking regulator allowed the bank to backdate a capital infusion and gloss over its deepening problems, the Treasury Department’s independent investigator said Monday.

http://www.nytimes.com/2008/12/23/business/23thrift.html?ref=business

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