Comments on: FDIC Job Postings are Bad News For Big Banks

By: ubetchaiam

ubetchaiam — Wed, 08 Apr 2009 02:01:42 +0000

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.

By: MarkH

MarkH — Wed, 08 Apr 2009 00:24:20 +0000

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.

By: Cujo359

Cujo359 — Tue, 07 Apr 2009 23:53:02 +0000

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.

By: MrWhy

MrWhy — Tue, 07 Apr 2009 17:43:53 +0000

Don’t imagine Charles Bowsher is looking for a job.

By: PPDCUS

PPDCUS — Tue, 07 Apr 2009 17:35:28 +0000

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.

By: timtimes

timtimes — Tue, 07 Apr 2009 15:43:43 +0000

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.

By: cbl2

cbl2 — Tue, 07 Apr 2009 15:35:35 +0000

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

By: Peterr

Peterr — Tue, 07 Apr 2009 15:23:31 +0000

There’s a Delaware office in the Wilmington suburb of Claymont.

By: Peterr

Peterr — Tue, 07 Apr 2009 15:19:17 +0000

Compliment accepted.

By: cbl2

cbl2 — Tue, 07 Apr 2009 15:09:23 +0000

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