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FDIC Secrecy - Just Great...

By: weco in FFFT | Recommend this post (0)
Tue, 12 Mar 13 5:46 AM | 76 view(s)
Boardmark this board | Food For Further Thought

Msg. 50749 of 65535
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FDIC Secretly Settling Bank Cases For Years

At the request of rule-breaking bankers, a top U.S. regulator has for years settled bank cases in secret, raising the bar on just how far regulators are willing to go to help the industry they regulate.

The Federal Deposit Insurance Corp., which insures bank deposits in the U.S. and shuts down failing banks, has since 2007 repeatedly settled charges of banker wrongdoing by agreeing to "no press release" clauses that keep the settlements a secret, the Los Angeles Times reports.

more,,,

http://www.huffingtonpost.com/2013/03/11/fdic-settlements-no-press-release_n_2854846.html

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