IndyMac, based in Pasadena, CA, is the second-largest takeover (Friday, 7/12/8) by the FDIC (Federal Deposit Insurance Corporation) in history.
Our local bank came under Department of Treasury scrutiny for "unsafe & unsound banking practices" last fall; and remedial measures agreed by the bank board & the Comptroller of the Currency (department of Treasury) are "still pending."
Is there any other method of public inquiry, other than resorting to the federal FOIA request system, which has been disregarded in wholesale proportions by the Geo. W. Bush administration?
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