Feds Probe IndyMac, Expand Subprime Inquiry

Federal law enforcement and Justice Department officials say the government is investigating the collapse of Pasadena, Calif.-based IndyMac Bank. Last week, the Office of Thrift Supervision closed the bank, transferring control to the Federal Deposit Insurance Corporation (FDIC). The FBI has received numerous complaints about IndyMac since its closure, the officials tell ABC News. The bank held just more than $32 billion in assets and had more than $19 billion in deposits as of March 31,...Full Story
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