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The Failure of Regulatory Oversight

Calculated Risk... | Thu, 11/19/2009 - 8:33am |  8 comments

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This is a recurring theme: a bank fails, the Inspector General reviews the failure and discovers that the field examiners saw problems starting around 2002, and ... nothing happened for years. We saw this with the Federal Reserve and the failure of Riverside Bank of the Gulf Coast , and with the
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