If a meaningful deal isn't done in January, it will be time to admit that lenders' attorneys outfoxed the state AG coalition and to let the states look after their own interests.
If a meaningful deal isn't done in January, it will be time to admit that lenders' attorneys outfoxed the state AG coalition and to let the states look after their own interests.
The FDIC's job in this instance is simply to recover as much taxpayer money as possible from a bank failure, not to right the scales of justice, a D&O insurance lawyer says.
There are so few movies where the protagonist is a banker, that I am loathe to point out that if George Bailey were a banker today, the FDIC would be suing him for negligent management.
Banks that anticipate stress and build up financial cushions to deal with it will fare better than others. The game will not be won by the most profitable, but by the most prudent.
Let's turn the playbook inside out and attack the Democrats as the 1%, as Wall Street and as favoring irresponsible deregulation and dismantling of consumer protections.
As the CEO of the local community bank entered the conference room for the start of the most dispirited board meeting in his bank's 100-plus year history, he was dying a little inside.
