IndyMac under FBI investigation for loan fraud

The AP is reporting that surprise, surprise, IndyMac Bank is under investigation for loan fraud surrounding their risky lending practices.  (Thanks Don!) This really isn't that shocking.  The only shocking part is that the FBI has waited until the bank collapsed to get their act in gear. While I know the Feds are looking for a scape goat (or at least a cronie to lock up with the orange one) - they say the focus of this investigation is on the institution and not the executives - they may be hard pressed to prove systemic fraud at the lender.  Lenders are careful to ensure each loan file is signed by the borrower and complete upon funding.  There argument will be a simple but sound one - if there is fraud it is on the borrowers behalf on the loan documents.  After a