Danny S

Who's to Blame for IndyMac's Failure?

Thank goodness for Schumer. He told the truth when no one else would about IMB. Also, why not look at the credentials of the #2 guys at IMB. For example, the guy at IndyMac who was the SVP responsible for home equity lending had never worked for a bank - let alone any experience in lending - he came out of electronics marketing and sales. He did as much damage to the company as anyone.