New Scandal: Capital Backdating

Nice, nice, regulators helping cook the books.

From Reuters:

High-level bank regulators were aware that thrifts were inappropriately backdating capital contributions, allowing the institutions to appear healthier, and in one case directed a thrift to engage in the practice, according to a U.S. government watchdog report.

Report: OTS Involvement With Backdated Capital Contributions by Thrifts, Office of Inspector General Department of the Treasury