AP: FBI investigates possible fraud at IndyMac

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Breaking news from the AP: ‘The Associated Press has learned that now-defunct IndyMac Bancorp Inc. is under investigation for possible fraud in connection with home loans made to risky borrowers.

More: ‘It was not immediately clear how long the FBI’s probe of the bank has been ongoing. The investigation is focused on the company, which was taken over last Friday by the FDIC, and not individuals who ran it, according to a law enforcement official who was not authorized to speak publicly about the investigation.’

-- Peter Viles

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