Housing Wire is reporting that the FDIC has found a buyer for IndyMac Bank. No details at this time but, apparently, they have agreed to continue Sheila Bair’s crusade for modifying the bank’s loans.

If you don’t know how I feel about this particular regulator, just input her name into the search box and you will find out. It will be interesting to see if we can compute now or later just how much her public relations campaign has cost the American tax payer.