Bank Probes Being Conducted

U.S. Sets 50 Bank Probes –, 11/16/2010. The Federal Deposit Insurance Corp. is conducting about 50 criminal investigations of former executives, directors and employees at U.S. banks that have failed since the start of the financial crisis.

Isn’t it about time. Yes, convictions for fraud-related charges will be hard to obtain but that should not deter investigations.

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