AP IMPACT: Gov’t bank auditors got big bonuses

Matt Apuzzo of Associated Press writes this story:

AP IMPACT: Gov’t bank auditors got big bonuses

_”OTS examiners did not identify or sufficiently address the core weaknesses that ultimately caused the thrift to fail until it was too late,” Treasury’s inspector general said regarding IndyMac, which in 2008 became one of the largest bank failures in history. “They believed their supervision was adequate. We disagree.”

The government’s internal investigators surveyed the wreckage…Click here ….read the story!