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  • Director of Office of Thrift Supervision Placed On Leave

    03/26/2009 9:26:59 PM PDT · by IDRATHERNOT · 48 replies · 4,346+ views
    <p>A top bank regulator has been placed on leave pending a Treasury Department investigation into regulators' approval of backdated cash infusions for troubled thrifts.</p> <p>The Office of Thrift Supervision said Thursday its acting director, Scott Polakoff, was placed on leave. He is being replaced by OTS Chief Counsel John Bowman.</p>