Parties in litigation regularly ask for reasonable extensions to deadlines--fine. But FDIC just filed 13 pages in our FOIA suit asking the Court for another 16 days to decide whether to ask us for ... even more delay. As laid out in our response, this is absurd.

Banks can now engage in crypto-related [and digital asset] activities without receiving prior FDIC approval, so long as they "adequately manage risks" and "conduct activities in a safe and sound manner"; in accordance with new guidance--FIL-7-2025. FIL-7-2025 rescinds FIL-16-2022

Per usual, top tier work here by nic carter Of course, this alone didn't sink the modern democrat party; there are myriad other reasons - but it also didn't not Giving excess power to captured shape shifters like Elizabeth Warren is a one way ticket to ballot box hell

The Random Man asks why the FDIC Chairman can’t be Jelena McWilliams. The best FDIC Chairman in my lifetime Jelena McWilliams was railroaded out of the job in a politically engineered back-stabbing coup. She’s tanned, rested, and ready.

FDIC 2025 risk review, which focuses on market risk and credit risk (incl net interest margin, liquidity, funding/deposits, consumer lending) makes *ZERO* mention of: fintech, crypto/blockchain, stablecoins, or AI.

🚨SCOOP: Patrick McHenry reveals that former SEC chief Gary Gensler was not as anti-crypto in private as he was in public. “I think it had more to do with Senate politics, and confirmation politics.” Full episode with the former Chair of Financial Services GOP out tomorrow AM!

Another FDIC employee is an alleged sex pedo… Jonathan Travis Mackey, 46, of Loveland, allegedly exploited child victims both online and in person while employed by the Federal Deposit Insurance Corporation (FDIC). Just last year another FDIC employee Mark Black (who was

OIG reports on certain FDIC resolution and receivership contracts during the largest bank failures in Spring 2023 – we identified seven best practices to enhance the FDIC’s control environment and emergency acquisition preparedness. fdicoig.gov/sites/default/…

Not really a bombshell report - it was a crisis, the FDIC skipped a few steps in its contracting processes, and will try to do better next time. I think the below screenshot is fairly representative.

Another sort of funny anecdote from the report. The FDIC hired a contractor to provide "global advisory services." The contractor would get, among other fees, a fee based on the "sales price" for First Republic Bank. But "sales price" wasn't clearly defined, so naturally...

Maybe slightly more seriously from today's FDIC IG report, there is this box on "Employee and Organizational Conflicts of Interests"

In the same box, the FDIC IG goes on to relate a separate anecdote about client service that was maybe a little too good

Multiple reports coming in that FDIC Daniel H. Bendler, Deputy to the Chairman and Chief Operating Officer was escorted out of the FDIC yesterday. More details to come.

*sip* FDIC FDIC Exposed got any commentary?

Brian Sullivan of FDIC has just threatened to expose any "Jewish" journalist. Text messages forthcoming. We're not sure what this means but, wow, the fact that a media relations "specialist" would even say that is abhorrant.

FDIC In the interest of transparency, we reached out to the FDIC for comment. The agency declined to provide one. We were directed to contact Mr. Sullivan at +1 (202) 412-1436 for any further inquiries.