md5sum b0rked in Fink?

As MacOS X still doesn't ship with some md5sum equivalent, I gabbed the Fink version. Strange, that it got installed along with the dpkg package, as there's the coreutils package too. Anyway, in most cases I'd like to *verify* checksums, not generate them. The manpage says:

-c  Check md5sum of all files listed in file against the checksum listed
    in the same file. The actual format of that file is the same as output
    of md5sum.
...and then it goes on to tell us how to *generate* a checksum, oh well. But -c doesn't even work:
$ md5sum -c MD5SUM.txt
usage: md5sum [-bv] [-c [file]] | [file...]
Generates or checks MD5 Message Digests
    -c  check message digests (default is generate)
The input for -c should be the list of message digests and file names
that is printed on stdout by this program when it generates digests.
$ tail -1 MD5SUM.txt
677ecebf8ca5c5135dc1c951a34d42b5  cd_diags.iso
What's wrong here? Is md5sum really b0rked? Or is it just PEBKAC? So, here goes a quick 'n dirty workaround for verifying lots of files:
$ FILE=/path/to/md5sum.txt
$ for i in `awk '{print $2}' "$FILE"`; do \
   test -f "$i" || continue && C=`openssl md5 $i | awk '{print $2}'` && \
   egrep -q "$C  $i" "$FILE" && echo "FILE: $i OK" || echo "FILE: $i FAILED"