My, the little things you notice when you peruse the job listings at the FDIC website. There are a lot of them to scroll through, but a couple of them caught my eye.
For instance, there’s a listing for a very senior DC-based "expert" position – Deputy Chief Accountant — and the first major duty in the job description is
Assists the Chief Accountant, Division of Supervision and Consumer Protection, Accounting and Securities and Disclosure Section, in identifying emerging accounting, auditing, and taxation issues, particularly those raising systemic concerns, for which the timely development of policy guidance for FDIC -supervised and -insured institutions and the Division’s examination staff is critical.
My WAG: FDIC’s DC office is gearing up for some policy fights with The Fed, Treasury, and the White House. And what might they be fighting about? Let’s see . . .
Further down the list of positions comes a posting for two Senior Large Financial Institution Specialists, one in the New York office and the other in Charlotte, North Carolina.
Hmmm . . . large institutions, New York and Charlotte?
Can you say "Citibank" and "B of A"? Sure you can.
Speaking of New York, they are also looking for a new Chief, Examination Support and Risk Analysis Section who would be based in either New York or DC. Again, from the major duties section of the posting, the first three are these:
Serves as technical advisor on a broad range of risk management issues particularly regarding the analysis and supervision of large, complex financial institutions.
Reviews and evaluates studies, reports, and proposals prepared by staff members, financial organizations and other government agencies as these relate to large, complex financial institutions.
Directs the monitoring and supervision of large, complex financial institutions to protect the deposit insurance fund.
I’d be getting a little nervous right about now, if I had a corner office at Citibank and saw these two job postings. And if I noticed that the FDIC is also looking for two more of those Senior Large Financial Institution Specialists in their DC office, I’d be getting more than a little nervous. (As if I didn’t already have some banking nightmares to deal with.)
All in all, it looks to me like somebody thinks the FDIC needs some senior folks to deal with eating Very Big Banks — and to judge by the closing dates on these job postings and this little teaser from the Wall Street Journal, they think they need them fast.
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Nice catch Peterr.
William Black to the FDIC Courtesy Phone, William Black . . .
Mornin’ Rev and Firedogs !
With the media starting to voice progressive worries about the bank bailouts, the heat is increasing on the Treasury and crew. And if we are lucky, maybe this will get Treasury to back off on giving the banks a free ride. Thank you FDL and all the others who are making a very good battle on this front.
Well done Peterr. Good mornig Busted, Cbl and pups.
It’s hard to escape a good speedy “sighthound”. Good work Peterr!
mornin’ scooter boy – workin’ a double today. see ya on break – hope you are feeling better
“if I had a corner office at Citibank and saw these two job postings”
Oh I don’t know… given the revolving door nature of financial regulators in the US, if you did have a corner office at Citibank and saw the writing on the wall, wouldn’t you consider applying for the FDIC position? ;-P
The next decade is going to be a very good one for the bean-counters.
They are damn aggravating to deal with, but as we are learning-very necessary.
Blankfein (Goldman Sachs CEO) is on cspan, trying to sound like an adult.
Only if I get my 8 figure bonus first, in an ironclad, unclawbackable form.
Delightful news. It gets depressing being constantly punked. If you haven’t already, please see EW’s article on giving up your Chase cards.
George Soros said the “I” word yesterday
by no means news to anyone here, but it was the first time I recall it being used in Corp Media, let alone CramerTV
CNBC
OT Krugman to be on Rachel tonight
DIGG WAS OPEN when I got there.
wtf is Gen. Monty Meigs, discredited war-whore, doing on MSNBC?
a charitable noble gesture as befitting the occasion, to be sure. heh.
I am unable to watch cnbc, due to a pre-existing condition.
lol.
p.s. you had me at “Saluki” :D
Remember Cramer’s handshake deal with Jon Stewart that he would promise to drop the sideshow and start cleaning up his act? Did that last 15 or 20 minutes? I wasn’t keeping track.
NCUA needs to ramp up, also. A couple of corporates were taken into conservatorship a few weeks back and they’re sticking their members with the check – which is going to flip a few of them, also.
http://www.ncua.gov/news/press…..9-0320.htm
lookee what I just found (courtesy Peterr’s blogroll)
Fix CNBC
I’m signin’ you’re signin’, we’re all signin !
my apologies if previously posted
Fix CNBC
Can we play with the letters which follow the “F” first?
Great job Peterr!
Great post!
Thank you.
Great post.
I’m glad someone will take on Obama’s neo-liberalism.
Aren’t they gorgeous?! I’m hoping Peterr accepts that as a compliment. Quite seriously, the doggies of the Lake have blinding speed as well as good sense all around. I’d go pretty much anywhere with this pack. ;->
So what’s a WAG?——”My WAG..”
I thought WAG atood for Wife And Girlfriend, UK term.
How ’bout “Cuff cnbc”. a ladylike compromise, ahem.
WAG = Wild Assed Guess
Fine. I’d settle for him simply getting home safely. Enough with the noble grandstanding already. I’d say visit Iraq rhetorically, politically and effectively, but stay the heck away, physically. The perhaps less-than-perfect President Obama is nevertheless way too valuable to gamble on a failed grand gesture of faith. I’d appreciate his return to DC ASAP.
You paged me?
from Peter’s link -
FDIC: Where We Work no offices in Delaware – strikes me as strange – like not having a Costa Nostra Investigations Unit in Palermo
Compliment accepted.
:)
There’s a Delaware office in the Wilmington suburb of Claymont.
thank you Rev ! was too busy looking for D for Delaware, and W for Wilmington
and may I say again this is an excellent find – a little extra spring in this ol waitress’ step today
Wasn’t there some whore-loving liberal prosecutor that was just EXCELLENT at hounding out the hubris and greed that the conservative banksters are famous for? Find THAT guy and resurrect him please.
Enjoy.
Thanks, Peterr. Given Sheila Bair’s testimony, it’s questionable how aggressive FDIC will be in pursuing the truth, which threatens recipients of taxpayer largess. FDIC’s has conflicts and financial challenges all of its own. As the PSA assures us — it’s all about you … me … & the FDIC.
A turf battle between Sheila Bair and Mary Schapiro won’t solve the fundamental issues of Wall Street’s domination of D.C. We need several hundred Elizabeth Warrens and Brooksley Borns working in Justice & Treasury to turn this red tide.
Don’t imagine Charles Bowsher is looking for a job.
This was a good catch, Peterr. It may just be some sort of turf battle. The other thing it may be is preparation on the part Treasury/FDIC in case they do find they have to do a takeover. I think either situation would require a quick hiring of senior people. It would take some time to get familiar with regulations, the banks involved, etc.
It also occurs to me that it may be a move to get the sort of people Geithner and Larry Summers like in those positions.
However you feel the shock of seeing such want ads it must be remembered that Geithner has clearly said several times that after the stress tests there might well be companies needing some receivership. That the FDIC is preparing for that eventuality shouldn’t really be a surprise.
Isn’t it strange how people react to the reality of something with a jolt, even if they have previously thought of it intellectually. Reality is definitely a shock.
Bravely we march on into the face of the downfall of somebody else’s empire! Oh how we shall weep for them with crocodile tears. Eh, c’est la vie.
Peterr, I think your wag is just that (My WAG: FDIC’s DC office is gearing up for some policy fights with The Fed, Treasury, and the White House. And what might they be fighting about? Let’s see .).
Such is completely contradictory to Bair’s postion on PPIP and I would suspect the ‘want ads’ by the FDIC has to do with executing the PPIP (and doing so as soon as possible to make it a ‘done deal’(meaning ‘too late, you’re fucked’).
I HAVE been mulling the possibility of an feint by the Obama Admin regards the FIRE industry and then coming at them out of left field but that is simply too clever by half.
Here’s something about Goldman Sachs everyone should read if they think they’re not being played for suckers in a fraudulent game.