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Former IndyMac Officers Found Liable For $168 Million In Negligent Loans

Sunday, December 9, 2012 - 6:03 AM
From Reuters via Yahoo! Finance
Three former officers of IndyMac Bank FSB's homebuilder division were found liable by a jury on Friday for more than $168 million for negligently lending to developers who were unlikely to repay millions of dollars in loans.

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This took a long time when you consider IndyMac Bank failed over 4 years ago.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708