“Here are 3 important crisis-era documents (one never made public before). They speak for themselves. Do they show any evidence of a negligent bank CEO, as the FDIC-R alleged in its bogus civil lawsuit against me? Of course not…

…I was the opposite of a negligent bank CEO., Mike Perry, former Chairman and CEO, IndyMac Bancorp and Bank

November 6, 2007: IndyMac Bancorp, Inc., 2007 Third Quarter Review by CEO:

http://www.sec.gov/Archives/edgar/data/773468/000095013407022944/v35129exv99w2.htm

February 12, 2008: IndyMac Bancorp, Inc., 2007 Annual Shareholder Letter from CEO:

http://www.sec.gov/Archives/edgar/data/773468/000095013408002262/v37879exv99w2.htm

June 3, 2008: Letter to Regional Director of the Office of Thrift Supervision from IndyMac Bank CEO:

FDIC 6308 Letter

Other Select and Related Blog Postings by Mike Perry:

October 27, 2015 – Statement 979: “I agree with all of this…but for me, these lines are particularly important: “He seizes upon the fact that, in Lehman’s subsequent bankruptcy, creditors took sizable losses, so the Fed would have had to court losses it supposedly was legally prohibited from courting. First, it doesn’t follow that the Fed would have taken losses. Lehman, after all, was liquidated in a world in which Lehman had been allowed to fail.”…

October 22, 2015 – Statement 966: “Since most big banks are federally insured, and many large health care companies do business with Medicare or Medicaid, barring an executive from that work can be a professional death sentence…

September 24, 2014 – Statement 380: “However, the Court will briefly discuss the FDIC’s claim that the “Great Recession” was not only foreseeable, but was actually foreseen by the defendants. The Court discusses this claim only due to the absurdity of the FDIC’s position…In sum, the FDIC claims that defendants (former Officers and Directors of Cooperative Bank) were not only more prescient than the nation’s most trusted bank regulators and economists, but that they disregarded their own foresight of the coming crisis in favor of making risky loans. Such an assertion is wholly implausible…

February 4, 2013 – Statement 39: Resolution of All Government Civil Litigation Re. M. Perry: Summarized

January 29, 2013 – Statement 38: “Each of the actors: bankers, politicians, the poor, foreign investors, economists, and central bankers did what they thought was right”

January 29, 2013 – Statement 37: Discussion of IndyMac Bank’s 2007 Safety and Soundness Regulatory Examination

January 9, 2013 – Statement 35: FDIC Settlement Documents and M. Perry’s Comments Re. Settlement

January 2, 2013 – Statement 32: “IndyMac Bank OMG Not TBTF”

Posted on November 3, 2015, in Postings. Bookmark the permalink. Leave a comment.

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