Dude: I really haven't processed marty gruenberg being gone from the FDIC.......marty basically has ruled banking regulation for the past 20 years......gruenberg has held positions in various levels of leadership at the FDIC for nearly 20 years, and this was his second full term as FDIC chair...............
anyone at a high-level of banking in the USA........is afraid of the FDIC.......the FDIC aggressively regulates banks.............there is a physical bank exam every 18 months...........these AHs dig into the bank's books and go through a sample of the commercial loans.....at least 25% and all of the larger loans and/or concentrations................every bank cuts corners and over-looks certain details on the commercial loans, both real estate and commercial/industrial............
the FDIC assigns a rating to every bank.................the rating determines the banks required "reserves" and the deposit insurance premiums.........both which come out of earnings..........the FDIC also can put "restrictions" on the bank, limits to borrowers are other no-nos, or no-gos.............and issue fines and warnings.......
again, the FDIC is big in all bankers lives and Martin J. Gruenberg was the FDIC for the past 20 years......he was eminently involved in the UWB/UWBI matter, imo...........although he inherited the mess from the OTS.................RIP, Martin J. Gruenberg..............and god-speed on taking care of the UWBI rodents, as promised...........aimho.....
