Delete comment from: Captain Capitalism
Captain Capitalism said...
You got me. I don't know the regulatory aspect of the FDIC that well. If I were left to guess I would say they're understaffed and where are you going to find good management in the banking industry let alone enough "good banks" to take them over. Pretty much the entire industry is corrupted. I remember them having to pull a guy out of retirement to manage a small no name bank (whose name escapes me now) they took over up in North Branch. That's a small, petty one branch bank, now multipy that by 400 and you can see the shortage of people (and good banks) withOUT their heads up their asses needed to fill the gaps.
Aug 22, 2010, 12:46:27 PM