Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles

Witness how the FDIC manages your money during financialcrises

Inside the FDIC tells the real stories behind bankfailures and financial crises to provide a direct account of theFederal Deposit Insurance Corporation and other bank regulators.Author John Bovenzi served in senior level positions within theFDIC for over twenty years, including a decade as the Deputy to theChairman and Chief Operating Officer. This book describes what hewitnessed as the person in charge of day–to–day operations, as anearly invisible agency grew to become a major, highly independentforce impacting US financial markets.

Readers will learn how the FDIC and other bank regulators usethe power of the federal government, spend other people′s money,and approach decision–making.

This book takes readers inside the FDIC to showcase:
The FDIC′s emergence as a major market influence
How ten FDIC chairmen helped shape the US financial regulatorysystem
Internal conflicts between the FDIC and other bank regulatoryagencies
Pressures and challenges presented by financial crises

Since the early 1980s, over 3,400 banks have failed. Thesefailures weren′t steady, regular, and easily predictable events;periods of tranquility were followed by turmoil, booms led tobusts, and peaceful complacency often turned to sudden devastation.Inside the FDIC chronicles it all, from the perspective of afirst hand witness inside the agency responsible for calming thestorm.