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.