When two diametrically opposed POVs can be absolutely correct are on the web today. One is a column from CNBC wonk, Jerry Bowyer who correctly points to the conspiracy between hard left hate business interests and the Democratic Party by focusing on the Schumer attack on IndyMac Bank. He's only wrong by not including the criminal activity by both the bank and the regulators.

BUT there was so much more wrong inside IndyMac (including fraud, criminal malfeasance, conspiracy) that it boggles the mind. Keep in mind that the regulators were informed of the massive fraud going on inside the Bank several years ago and did nothing. Once again, those horrible Bush appointments. Just one paragraph will give you a taste of the massive fraud being committed at IndyMac......

At the end of my first week, there was an urgent need to field review an appraisal of a subdivision in the Sacramento area. I went up there on the weekend, but also took along some other recent appraisal reports from the Sacramento area. One of the other appraisal reports concerned me. A residential subdivision had been appraised as “80% complete”, but when I visited it, it had only been rough-graded, probably no more than 15% complete. When I returned to the office on Monday I asked who the construction inspector was for that region. I was told that there were two inspectors for the Sacramento area; one was CEO Mike Perry’s father and the other one was Mike Perry’s father-in-law. The loan officer on the deal was Mike Perry’s younger brother, Roger, who had recently been hired. His previous experience had been as a cop. Thereafter I heard of favoritism towards relatives of Mike Perry and “FOMs”, and the chief credit officer advised me to take special care of Mike Perry’s brother. (“FOM” was IndyMac jargon for “Friend of Mike”.)

The entire piece is here.... There is no possible way that a borrower can know any of this. IndyMac was a huge financial fraud that regulators ignored even after being told what was really going on by an official within the bank.