A Treasury Department official turned to the dark side.
As if there weren’t ample evidence already, today brings another sign that, during this whole financial-crisis thing, government regulators weren’t really doing their jobs: A treasury department official, Darrel Dochow, let banks like IndyMac, which collapsed over the summer, exaggerate their finances in order to avoid regulation according to a report by the Treasury Department's Inspector General. Dochow previously had been in trouble for lackadaisical regulation during the Savings and Loan scandal of the early 1990s. He was removed from his job yesterday.
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