FLASH; Toxic lender IndyMac files for Chapter 7 liquidation / bankruptcy protection. Gee, what a shock, eh HP'ers? No, we never saw that one coming!

Now if we can just get the Feds to pick up Michael Perry and toss him in the clink, we'll be done with this sordid chapter.

IndyMac Bancorp Files for Liquidation After Seizure

IndyMac Bancorp Inc., the second- largest U.S. independent mortgage lender before it was seized by federal bank regulators three weeks ago, filed to liquidate its remaining assets under bankruptcy protection.

FLASH: FIVE YEARS TOO LATE, FBI IS CONFIRMED TO BE INVESTIGATING LIAR'S LOAN KING INDYMAC FOR FRAUD. GREAT. WHAT TOOK SO LONG?

WHAT TOOK THE INCOMPETENT IDIOTS AT THE FBI FIVE YEARS TO FINALLY GET AROUND TO THIS, WE'LL NEVER KNOW.

Man, I'm happy to see this, but damn...

The very definition of "closing the barn door after the cows got out"

Michael Perry - you're going to jail. Your glorious frog-march-in-daylight is just days away. But you're lucky - you should have been arrested years ago. Mortgage fraud used to be a crime in America. If you're planning on fleeing to Mexico, you might want to get packing right about....... now.

Source: FBI investigating Indymac for fraud

WASHINGTON (CNN) -- The FBI is investigating Indymac Bancorp for fraud, a source tells CNN.

The California-based bank was taken over by federal regulators last week.

Indymac's collapse was the second-largest bank failure in U.S. history.

A source said the federal government is looking into whether the bank engaged in fraud when it made home loans to high-risk borrowers.

The source said the investigation is focused primarily on the company, not individuals.

More historic images coming out of California of screwed savers camped outside fraudster Michael Perry's IndyMac bank branches - c/o the OC Register

I hope Michael Perry remembers these images after his arrest and conviction, as he rots away for the rest of his life in jail.

Rampant mortgage fraud perpetuated by Michael Perry and the management and employees of IndyMac caused this mess.

And now it's time for the arrests to start.

Now.