Office of Thrift Supervision
Darrel Dochow
Darrel Dochow, the banking regulator found to have allowed IndyMac Bank to falsify financial records just before the Southern California lender collapsed last summer, confirmed in an e-mail that he will resign his post in March.
In his resignation letter, Dochow notes that upon retirement he will receive a pension amounting to 35 percent of the pay he received while serving as a top banking regulator.
That money will tide him over while he
Banking experts qualify the service being hawked in this San Francisco Chronicle ad as a potential Ponzi schemeReaders skimming the ads on page D-2 of the Sunday, July 12 San Francisco Chronicle might have been surprised to see an extraordinary investment opportunity in a quarter-page advertisement running a couple columns below Scott Adams' Dilbert cartoon.
"You can now earn: 1 year -- 11.00 percent," the advertisement announces, urging readers to go to a Web site describing "investment notes"
On Friday, July 17 The Snitch warned readers that an advertisement published in the previous Sunday's San Francisco Chronicle seemed intended to lure mom-and-pop investors into possible financial disaster.News headlines Monday suggest our warning was valid. Advanta Corp., a bank holding company specializing in small business credit cards announced today it was filing for bankruptcy, throwing into question whether the company would pay in-full investment notes advertised in the Chronicle's bus
