WASHINGTON — Treasury's inspector general has reported that its western regional director had approved the backdating of a capital infusion into the failed IndyMac Bank to avoid repercussions of a falling capital position.
IndyMac Bank failed in mid-July and cost the FDIC somewhere in the neighborhood of $9 billion dollars, according to the U.S. Treasury.
Darrell Dochow has been removed as regional director pending further inquiry.
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