CRL: Indymac Dug Its Own Grave

kindandgentlejd at 11:42 2008-07-01 said:

Indymac Bank has laid off a lot of people over the last year like most in the business. I am sure that several of those who have been laid off are disgruntled as it is hard to find a job in this profession. It would not be difficult for the Center for Responsible Lending to find a willing pool of unemployed disgruntled employees to come forth and make many an accustation about Indymac management. From what I have seen, Indymac is not the worst of the bunch. Were they lax, sure, was it fraudulent, no way. They, and most every other lender in the marketplace, are paying for those lax times. But to march disgruntled employees around with their "opinions" is just as irresponsible as a legislator publically announcing the contents of a letter expressing concern over Indymac survival. Havent any of you seen Its a Wonderful Life? Mike Perry is probrably feeling a little like George Bailey and Mr. Schumer is more like the crotchity Mr. Potter! Permalink

falcon at 12:53 2008-07-01 said:

What a bunch of nonsense this article from the Center for Responsible Lending.

Putting together an attack article on a company that's against the ropes is easy. I'm curious, why they didn't have the decency to at least ask IndyMac to respond to such innuendo if they wanted any credibility.

Where were these guys with New Century, Argent, Option One, Wachovia's Option ARM's - the list goes on. Permalink