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Breaking News Home | All | Religion | Society | Tech | Choice | Fridays | SA Newsroom
FRONT PAGE  |  9/25/2017
SATURDAY, SEP 12, 2009
FDIC audit: Regulators too slow
Signs that FirstBank Financial Services was headed for trouble appeared long before the small McDonough bank failed last February.

Regulatory examinations that took place almost every year since the bank opened its doors in 2002 found that it had grown too fast and took on too much risk related to the booming housing market.

But federal regulators took no action to force the bank to change its ways until October 2008, when the bank was already in free fall.


CLICK HERE to Read Entire Article
www.ajc.com

Response to economic crisis?
  START  
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