The online posting of previously undisclosed deals comes
after a Times story on the regulator's policy of quietly settling claims
involving failed banks. The Federal
Deposit Insurance Corp. has begun posting online more than 200 previously
undisclosed settlements related to bank failures that accompanied the financial
crisis.
The revelations come in response to a Los Angeles Times
story last week that examined the FDIC's policy of quietly settling civil
claims involving failed banks, sometimes with "no press release"
clauses to help bankers avoid embarrassment.
The first three settlements, involving Florida banks that
failed in 2008 and 2009, were put online Friday at FDIC.gov. The agency said
all such agreements reached from 2007 through 2012 would be posted by the end
of the day Monday. Settlements from 2013 were to follow "shortly,"
with regular updates made thereafter…
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