FDIC Sues IndyMac Ex-CEO For Negligence

post — Admin @ 11:53 am — post Comments (0)
postJuly 10, 2011

- The government has been criticized for not prosecuting bank executives for their role in the financial crisis, but regulators are seeking payback.Yesterday, the FDIC filed suit against the former chief executive of IndyMac. Thats the big mortgage lender seized by the government three years ago. The suit accuses former IndyMac CEO Michael Perry of causing $600 million in losses.

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