broschultz

Who's to Blame for IndyMac's Failure?

I have a feeling the letter was a last resort by the Senator after less formal and/or direct attempts at getting some action failed. He had some responsibility to sound a warning. What form it takes depends on the openess of those who can do something about the situation. The financial people, both the regulated and regulators, are members of the same club and it's common denominator is greed.