Sunday, October 25, 2009

Nope, nothing to see here

A more pointed Material Loss Review was issued about another Georgia bank --Haven Trust of Duluth GA --back in August. That one cost the FDIC deposit insurance fund $207 million. Among the interesting items in the FDIC OIG's Material Loss Review for $576 million Haven are dubious multi-million dollar loans to the school age children of one of the bank's owners.
What? A bank owner looting the bank? Who could ever have known that would happen.

via Angry Bear

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