Which Way, L.A.?Old-Fashioned Run on the Bank at IndymacIndyMac bank of Pasadena is now being run by the FDIC — the second largest bank to fail in American history. Tonight, the FBI has confirmed that IndyMac’s being investigated for fraud.rssShareBy Warren Olney • May 12, 2014 • 1 min readIndyMac bank of Pasadena is now being run by the FDIC — the second largest bank to fail in American history. Tonight, the FBI has confirmed that IndyMac’s being investigated for fraud.Warren Olneyformer KCRW broadcasterSonya GeisSenior Managing EditorDan KoneckyProducer, To the PointMark LacterBusiness Writer, LA ObservedNews