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>> definitely would have been prosecuted This government financial regulator explicitly allowed backdating capital infusions. They cooked the books. Not prosec
by landemva 4y ago
>> definitely would have been prosecuted
This government financial regulator explicitly allowed backdating capital infusions. They cooked the books. Not prosecuted. Kept the sweet federal pension.
"Dochow knew that IndyMac couldn't meet its capital requirements and allowed it to record a capital infusion six weeks before it occurred."
https://abcnews.go.com/Business/story?id=6514493&page=1 https://abcnews.go.com/Business/story?id=6514493&page=1
And in 1989 Dochow similarly pulled a not-regulate stunt with a failing S&L.
"As federal regulators were preparing a file against Lincoln’s CEO, Charles Keating Jr., Dochow ordered his staff “to cease all examinations of Lincoln Savings, all supervisory acts with regards to Lincoln Savings"'
https://publicintegrity.org/inequality-poverty-opportunity/ex-sec-chief-now-helps-companies-navigate-post-meltdown-reforms https://publicintegrity.org/inequality-poverty-opportunity/e...