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To: Night Hides Not

Interesting...any theories on what’s up?


24 posted on 05/01/2020 6:04:31 AM PDT by hercuroc
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To: hercuroc
I think it's merely a case of the FDIC being proactive. A large portion of FDIC manpower and resources have been employed for oversight of large financial institutions, aka Wall Street.

There is so much extra money being pumped into the system by the Fed and Congress, I'm sure there's concern about the effects on the banking system...wouldn't be surprised if they're pouring over the results of the most recent stress tests of financial institutions.

I worked in the area that oversaw the resolutions of mostly smaller banks. I have every confidence that the FDIC is on top of things.

The way they managed the crisis should be a template for governmental operations. I was one of about 1000 new employees hired on a term contract (2 years). We started out with satellite offices in Jacksonville, Southern Cal, and Schaumberg, IL. As the workload slowed down, these 3 offices were closed, and it was assumed by those of us in Dallas.

Management didn't screw with us, as we all knew our jobs would be ending within a 2-4 year period. We were all happy to have jobs at the time, too.

30 posted on 05/01/2020 6:33:02 AM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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