OIG-09-032SAFETY AND SOUNDNESS: Material Loss Review of IndyMacBank, FSBFebruary 26, 2009
Office ofInspector General
Department of the Treasury
This report was reposted on March 4, 2009, to reflect a changein the text on page 24, since the original version was posted onFebruary 26, 2009. The original version of the report incorrectlystated “IndyMac’s internal review found several problems,including (1) a $517 million bridge loan for which an appraisalwas not obtained….” The report should have stated $517,000instead of $517 million. This correction does not affect any of thefindings, conclusions, or recommendations contained herein.