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View Full Version : Bank Failures Cost $88 Billion While U.S. Regulators Enforce in the Dark - Bloomberg



NewsWhore
12-16-2011, 10:40 AM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFqYAOHt1DnhGUGrPQguY8OmZtAaQ&url=http://www.bloomberg.com/news/2011-12-16/bank-failures-cost-88-billion-while-u-s-regulators-enforce-in-the-dark.html)
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Bank Failures Cost $88 Billion While U.S. Regulators Enforce in the Dark (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFqYAOHt1DnhGUGrPQguY8OmZtAaQ&url=http://www.bloomberg.com/news/2011-12-16/bank-failures-cost-88-billion-while-u-s-regulators-enforce-in-the-dark.html)
Bloomberg
Such secrecy is needed to prevent panic that might result in bank runs or investor sell-offs, making problems far worse, said representatives of the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp., ...

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