California mulls probing Schumer over IndyMac bank crash

August 21, 2008 in Briefings

WASHINGTON (Reuters) – California’s attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New York senator triggered the bank’s collapse by releasing confidential information.
At issue is a much-publicized letter that Chuck Schumer, a Democrat, sent in June to the Federal Deposit Insurance Corp (FDIC) and Office of [...]