Beware of the ‘One Man Banks’

When the definitive history of the Great Recession is written, the authors will owe a debt of thanks to the Federal Deposit Insurance Corporation’s Office of the Inspector General (FDIC OIG).

OIG’s role is to act as an independent reviewer of FDIC efforts to maintain the stability of the US banking system. In carrying out this task, the OIG also maintains a series of in-depth reports on the causes of recent bank failures.