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Regulators Were Blind To Risk In Biggest U.S. Banking Failure

September 29, 2009 By Bill Zielinski Leave a Comment

The most expensive banking failure in U.S. history was the closure of IndyMac Bank in July 2008.   The original estimated loss to the FDIC of $8.9 billion  has recently been increased to $10.7 billion or 33% of IndyMac’s assets at the time of closure.  The story of how IndyMac Bank was allowed by regulators […]

Filed Under: Bank Failure, Failed Banks, FDIC, featured, Financial regulation, IndyMac Bank Tagged With: IndyMac example of regulatory failure, regulators saw no risk in largest US banking failure

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