Treasury Official Helped Bank Commit Fraud: Who's Watching the Watchdogs ?

by Deb Cupples |  A few days ago, ABC News reported on a scandal involving ex-U.S. Treasury official Darrel Dochow, who allegedly allowed now-fallen bank IndyMac to essentially cook its books and hide its failing health.

The worst part: that Mr. Dochow was even in a position to (allegedly) do it.  BAck in the '80s, Mr. Dochow was regulating Lincoln Savings and Loan, which became the poster bank for the S & L scandal -- and apparently he did a terrible job of it. 

According to ABC, Mr. Dochow was demoted after the Lincoln scandal "but later, inexplicably was brought back into the Office of Thrift Supervision."