Litigation
Dec. 8, 2012
FDIC rests case against bankers
After 15 days in trial, lawyers on Thursday finished closing arguments in the Federal Deposit Insurance Corp.s first-ever case against bankers involved in the 2008 housing meltdown.
Daily Journal Staff Writer
LOS ANGELES - After 16 days in trial, lawyers on Thursday finished closing arguments in the Federal Deposit Insurance Corp.'s first-ever case against bankers involved in the 2008 housing meltdown.
Three former IndyMac Bank FSB executives are fighting the agency's claims that at the height of the housing bubble they wrongfully approved 23 loans that were too risky, allegedly causing the fed...
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