Tuesday, January 25, 2011

A Shocker? Really?

I can't discern whether this above missive is intentionally ironic or not. But, in my opinion, it was only a matter of time before before some legislator got pulled into court over the way banks have operated in Georgia.
Georgia leads the nation in bank failures since mid-2008. Integrity was the first of 52 banks to fail during that time. Since its collapse, two former bank officers have pleaded guilty to federal criminal charges.

The suit is the first of an expected wave of litigation and civil penalties by the FDIC against insiders of failed Georgia banks, as the agency tries to recoup losses to its insurance fund.

Read more of the AJC story the above quote is taken from here. And, as you might imagine, this pending civil suit will do nothing to change business as usual under the Gold Dome.

1 comment:

  1. Nathan Deal bombed in the private sector but he's making a great GOP governor. Just goes to show you can't judge a book by it's content.