Search for: "Indymac Federal Bank"
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12 May 2011, 4:22 am
Banks have ratios they must comply with in order to be considered solvent by federal banking regulators. [read post]
11 May 2011, 11:30 pm
He’s the guy who gave us IndyMac Bank, now IndyMac Federal. [read post]
27 Apr 2011, 6:00 am
The report found that OTS, which regulates savings and loan associations like Countrywide Financial and IndyMac, had long promoted the interests of these regulated entities, a phenomenon known as regulatory capture.According to the report, OTS did not adequately regulate Washington Mutual and even actively resisted regulation of it by the Federal Deposit Insurance Corporation (FDIC), the thrift’s secondary regulator. [read post]
25 Apr 2011, 7:47 pm
I can’t tell you the name of the bank in question, except to say that when they’re a “bank,” and their name starts with “IndyMac”. [read post]
6 Apr 2011, 5:05 pm
Actually, there is one remarkable human story here: that would be Darrel Dochow, who appears to have been asleep at the switch point man in charge of regulation at the collapse of IndyMac Bank. [read post]
18 Mar 2011, 7:31 am
” And last July, the FDIC filed a similar suit against four former executives of IndyMac Bank, seeking $300 million in damages. [read post]
9 Mar 2011, 7:50 pm
Ben Bernanke was even quoted at the time as saying that the federal government was the entity best able to fund the bad assets of banks and hold them until values recovered. [read post]
3 Mar 2011, 11:29 am
Some sought pre-clearance from the OTS to form federal thrifts in order to bid on failed banks. [read post]
27 Feb 2011, 7:32 am
Rosenfeld about the Federal Home Loan Bank’s $51 billion in cash advances to Countrywide that were collateralized by $64 billion in bad mortgages. [read post]
21 Feb 2011, 7:40 pm
They either acted too slowly (IndyMac, BankUnited, pick-your-fried-thrift) or, in this case, too quickly. [read post]
18 Nov 2010, 12:37 pm
” But now that the action is proceeding in federal court, the pleadings must conform with the applicable federal rules as interpreted by the federal courts. [read post]
14 Nov 2010, 7:55 pm
The Monday morning quarterbacking by the OIG of each federal bank regulatory agency provides an incentive for agency minions to allege, as some have in e-mails to me, that no federal bank regulator has ever been found guilty of shutting down a banks too hastily, but rather of not "putting the incompetent fools who ran these banks out of their misery much sooner. [read post]
3 Nov 2010, 1:43 am
The bank has a lot of company in that regard, starting with the Federal Reserve and going from there. [read post]
12 Oct 2010, 7:22 pm
Guess these folks are getting a taste of what the employees at Charter Bank, BankUnited, IndyMac, Wamu, and so many other savings institutions that have been consigned to thrift hell by the OTS have had to eat. [read post]
12 Oct 2010, 6:36 am
And then they can never get off, and all because some bank held their deposit for 10 days waiting for the carrier pigeon to bring news from the Federal Reserve that the check had cleared. [read post]
11 Oct 2010, 7:48 pm
Certainly, an attorney for some of the defendants in the IndyMac case thinks the FDIC is going to have some difficulties. [read post]
3 Sep 2010, 1:47 am
So far, the FDIC has filed just a single suit, against former officers of a subsidiary of IndyMac. [read post]
16 Aug 2010, 2:32 am
Though we are in the midst of the dog days of summer (at least in the northern hemisphere), the federal courts, at least, have been busy. [read post]
13 Jul 2010, 8:11 pm
The Federal Deposit Insurance Corp. [read post]
8 Jul 2010, 9:30 am
Bovenzi, a former federal regulator who ran IndyMac after the government seized it, argues that "living wills" for banks are the only way to end taxpayer bailouts. [read post]
