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FDIC Denies Maintaining List Of Banks With ‘Prominent Connections

Tuesday, September 28, 2010 - 8:50 AM
On September 17, the Washington Post released a story accusing the Federal Deposit Insurance Company of maintaining a list of banks with connections to prominent people.

The story was related to the ethics investigation involving Rep. Maxine Waters, (D-CA) and the Massachusetts bank OneUnited, which received $12 million in bailout money from the Troubled Assets Relief Program. A bailout which — according to both an inspector general tasked with investigating the FDIC, and the Washington Post — was unprecedented in the level of consideration the bank was given.

Pajamas Media » FDIC Denies Maintaining List of Banks with ‘Prominent Connections’ (PJM Exclusive)
cincinnatijackcincinnatijack1 posts since
Sep 28, 2010
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