July 16, 2008

Mortgage Crisis Draws in Ombuds

Articles in many US newspapers on the federal takeover of IndyMac Bank featured a picture of Federal Deposit Insurance Corp. Ombuds Robert Brown distributing forms to a mob of unhappy depositors in Encino, CA. (USA Today.) In related financial news, Sam Golden, a former Ombuds for the Comptroller of the Currency was widely quoted on Citigroup's mortgage accounting practices. (Bloomberg News.)

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