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The FDIC proudly says it's stepping up its efforts to bring criminal charges against former...

The FDIC proudly says it's stepping up its efforts to bring criminal charges against former execs of failed banks, and to use civil litigation to recover money. Its track record hasn't been great: Despite 300+ bank failures since 2008, not a single high-profile banker has been charged and just two civil lawsuits have been filed.
Comments (6)
  • SaBiN
    , contributor
    Comments (37) | Send Message
     
    So since the TBTF can't fail I guess those guys are innocent and only the little guys get hauled off. At least the FDIC is trying.

     

    Now if we could only get the SEC to do their job
    17 Nov 2010, 09:58 AM Reply Like
  • matagorda
    , contributor
    Comments (5) | Send Message
     
    Why should one believe anything will take place, the politicians will put stumbling blocks in FDIC's way just like the politicos did on emigration.
    17 Nov 2010, 10:09 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    This is sparkling prose, but just what did you expect...

     

    "The FDIC proudly..."

     

    Keep going.
    17 Nov 2010, 10:02 AM Reply Like
  • Duude
    , contributor
    Comments (3358) | Send Message
     
    I wonder if they'll go after Herb and Marion Sandler? LOL, yeah right.
    17 Nov 2010, 11:09 AM Reply Like
  • Richard Mackenzie
    , contributor
    Comments (453) | Send Message
     
    This isn't news. It's just another reminder of how our system doesn't work, and it's meant to enrage us and give us the Bronx Cheer once again. I just wish we could stop being reminded of how totally helpless we are while conservatives have some measure of influence...
    17 Nov 2010, 11:18 AM Reply Like
  • davidbdc
    , contributor
    Comments (3141) | Send Message
     
    I'll believe it when I see it.... and since its the same group of worthless bureaucrats that let it all happen in the first place I won't be holding my breath.

     

    Biggest fraud in the history of the world was conducted right under the government's nose and then when it became apparent the government helped them to finish the job!!!

     

    We could fill several Siberian gulags with all the people that committed fraud - from fake salaries, to faked mortgage application documents, to writing insurance with no assets to back it, to "special friends on Angelino loans", to ponzi schemes, to ignoring the rule of law and bailing out bondholders, to just about the whole darned thing!!! Ship them all off I say!!!
    17 Nov 2010, 07:41 PM Reply Like
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