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Gillian Tett

Better Markets Calls Out FDIC for Not Protecting Depositors & Taxpayers

The Federal Deposit Insurance Corporation (FDIC) exists to protect bank depositors and taxpayers, but – shockingly – the new Chairwoman ranks this priority as a “third goal” behind helping finance “innovate” and a new-found “balanced” interpretation of the law. Our President and CEO, Dennis Kelleher, was on a panel right after her speech at the Brookings Institution and