Saturday, October 9, 2010

FDIC Ready To Sue Executives From Failed Banks

The Federal Deposit Insurance Corporation is poised to sue over 50 executives from failed banks, Bloomberg News reports.
The potential lawsuits would help the FDIC recover more than $1 billion it lost during the credit crisis, which has forced the FDIC to take over 294 lenders since 2008. So far the FDIC, which, according to Bloomberg, doesn't sue unless it believes the defendant is able to pay up, has only filed one lawsuit related to the credit crisis, against IndyMac executives in July.

(story here)

Opinion here --> the Government ISN'T just a "patsy", rolling over for banks and big business.
I like to see this.
These clowns tried to rip off the taxpayers via the percption that they could charge $1500 for a toilet seat, and now are getting stepped on.

"uh...would you like a loan with that cheeseburger and fries?"

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Internal News

Internal News
(did he say 'internal news'?....well, no. He wrote 'internal news'....Well, what does that mean?....I dunno. Let's go look, shall we?)

Yeah....I know....