Mke2fs now creates the lost+found directory with 0700 permissions, 
since files which get dropped into that directory may have come 
from a protected directory, and the system administrator may not 
deal with immediately.  (Addresses Debian bug #118443)

diff --git a/lib/ext2fs/initialize.c b/lib/ext2fs/initialize.c
index 821036e..d8fa228 100644
--- a/lib/ext2fs/initialize.c
+++ b/lib/ext2fs/initialize.c
@@ -78,6 +78,7 @@
 	memset(fs, 0, sizeof(struct struct_ext2_filsys));
 	fs->magic = EXT2_ET_MAGIC_EXT2FS_FILSYS;
 	fs->flags = flags | EXT2_FLAG_RW;
+	fs->umask = 022;
 #ifdef WORDS_BIGENDIAN
 	fs->flags |= EXT2_FLAG_SWAP_BYTES;
 #endif