Sunday, January 18, 2009


Government Regulators Aided IndyMac Cover-Up, Maybe Others
The best thing is that the same dude that helped IndyMac fudge their books helped Charles Keating do the same back in the eighties, a Mr. Darrel Dochow of the Office of Thrift Supervision in the Treasury Department.

But don't worry, Mr. Dochow will not go to jail:

While Dochow could end up losing his job, neither he nor his colleagues are expected to go to prison.

"This is criminal with the small 'c'," said Black. "No one within the regulatory ranks may go to jail, but they have done the worst possible disservice to the taxpayers of America."

I'm usually not in favor of capital punishment, but in cases like this the public hanging of Mr. Dochow and others might help convince our public servants to perform their duties more carefully.
(h/t cryptogon)


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