Los Angeles Times | February 26, 2009 | 12:53 p.m. PT
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Federal regulators ignored warning signs about IndyMac, report finds
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.
More soon at:
http://link.latimes.com/r/KCUBQP/DIYG2/37V69R/BR34/YHC75K/OS/t

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Posted By Breaking News to Break News at 2/26/2009 10:56:00 PM

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