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Loan Modification

: Mortgage Lender Implode-o-Meter

For Bankers of Failed Financial Institutions? the Pain Is Not Over Yet

By Implode-Explode Heavy Industries

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"The Federal Deposit Insurance Corp. (?FDIC?) has started laying a foundation for lawsuits against the senior executives and directors that the agency claims were responsible for their bank failing. Apparently, the FDIC has already sent out hundreds of demand letters that warn officers and directors about the possibility of civil charges, and announce formal investigations into individuals and subpoenaed directors? financial statements, among other documents."

Full post as published by Mortgage Lender Implode-o-Meter on July 14, 2010 (boomark / email).

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