Prepare for the Worst in FDIC Director Suits

December 08, 2011
In 1982, in the height of the first savings and loan crisis, the Federal Savings and Loan Insurance Corporation announced a new policy that would seek to hold those responsible - particularly directors and officers - for losses ultimately suffered by the FSLIC in resolving their failed institutions. This article was derived from a speech delivered by Thomas P. Vartanian to the New York Banker’s Association.