As the FDIC Turns: Senator Schumer’s Letter about IndyMac

The letter that Senator Chuck Schumer sent to the Federal Deposit Insurance Corporation and the Office of Thrift Supervision about IndyMac has been making headlines, especially after the bank run that lead the FDIC to step in officially.

We had a faculty member interested in reading the letter in its entirety, and our search found many places on the web that excerpted selected text, but not the complete correspondence.  Ultimately, our search was successful and I am posting the full text of this hot doc here (hat tip to the nice people at