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WASHINGTON, Dec. 22 (UPI) -- A U.S. official has been removed from his job after investigators found he allegedly allowed IndyMac Bancorp to portray a misleading picture of its finances.

WASHINGTON, Nov. 23 (UPI) -- The U.S. Office of Thrift Supervision is being blamed for what critics say was lax oversight of Countrywide Financial Corp.

NEW YORK, Sept. 26 (UPI) -- U.S. stock indexes fell Friday as investors watched a savings and loan, Washington Mutual, become the latest victim of financial distress.

Financials should continue its reign as tradersâ?? favorite reason to see better days ahead or, once more, prompt the turning of sentiment and prices for the worse.

Last week, Congress passed a housing bill that gave the Treasury Department a blank check to inject billions of U.S. taxpayer dollars into mortgage giants Fannie Mae and Freddie Mac, snatching them from insolvency. To accommodate this blank check, Congres[More...]

The bank stocks are vital to the market. The banking industry is basically the barometer of the broader economy. The economy expands when banks are healthy and lending. Conversely, the economy contracts when banks are sick and credit is tight.[More...]

The EIS portfolio is now substantially out of the stock market and in cash. What sort of an energy investment strategy is cash? It’s the strategy you might want to employ when you judge that 1. All stocks are likely to decline, taking energy stocks dow[More...]

Schaeffer's Laura Houser takes a look at activity on the Street after the market close

IndyMac (NYSE:IMB) customers are lining outside the Pasadena headquarters of IndyMac Bancorp., anxious to withdraw their savings or check the status of their accounts at the failed institution.  We called IMB's final stock price at 10 Cents last month, today its at 15 cents.

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IndyMac Bancorp, Inc. (NYSE:IMB) shares are down 14% and just hit $1.34 a share. A year ago they traded above $33 which comes out to a -96% Return, but who's counting?

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Tom Dorsey and Tammy DeRosier Ask Are You Keeping Up with Inflation?