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U.S. Sets 50 Bank Probes
WSJ ^ | NOVEMBER 17, 2010 | JEAN EAGLESHAM

Posted on 11/17/2010 9:11:54 AM PST by ColdOne

The Federal Deposit Insurance Corp. is conducting about 50 criminal investigations of former executives, directors and employees at U.S. banks that have failed since the start of the financial crisis.

(Excerpt) Read more at online.wsj.com ...


TOPICS: News/Current Events
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The agency responsible for dealing with bank failures is stepping up its effort to punish alleged recklessness, fraud and other criminal behavior, as U.S. officials did in the wake of the savings-and-loan crisis a generation ago.
1 posted on 11/17/2010 9:11:56 AM PST by ColdOne
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To: ColdOne

But the government is the one that forced them to make the bad loans in the first place.


2 posted on 11/17/2010 9:18:03 AM PST by UCANSEE2 (Lame and ill-informed post)
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To: ColdOne
as U.S. officials did in the wake of the savings-and-loan crisis a generation ago.

Which was also another GOVERNMENT ORDERED MESS.

3 posted on 11/17/2010 9:19:34 AM PST by UCANSEE2 (Lame and ill-informed post)
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To: UCANSEE2

Exactly, that is why i posted this. I could not really believe it. Unreal just unreal.


4 posted on 11/17/2010 9:24:06 AM PST by ColdOne (Repeal Healthcare......NO COMPROMISE.......ever!)
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