How IndyMac fell … and more

1. Loose lending standards led to IndyMac’s fall [NYT]
2. Regulators, bankers and traders are coming up with a new way to generate money for mortgages [NYT]
3. The Mets have sold all but one of the luxury boxes at their new stadium [Post]
4. The city’s crane operators’ union will get federal supervision [Sun]
5. Assemblyman Richard Brodsky is questioning how the Yankees valued their land in order to ask for a subsidy [AP via NYDN]
6. Gov. David Paterson and Mayor Michael Bloomberg are warning of big deficits [NYT]
7. Against the wishes of the Federal Housing Administration, Congress’s housing bill won’t let the agency to charge higher rates to borrowers with lower credit scores [Sun]
8. Senator Clinton and other elected officials attended a rally at Starrett City in Brooklyn to celebrate an agreement that will preserve its affordable housing [Sun]