Forum Post: OWS Union Bank Having Troubles With FDIC?
Posted 13 years ago on Oct. 18, 2011, 5:27 a.m. EST by MossyOakMudslinger
(106)
from Frederick, MD
This content is user submitted and not an official statement
Judging from this article by Terry Buhl a Wall Street anf bank fraud investigative reporter, the Amalgamated Bank where OWS deposited their money is under investigation by the FDIC for fraud.
From the article:
"Occupy Wall Street has deposited donated funds in New York-based Amalgamated Bank but the FDIC has a bulls eye on the bank’s executives. At the end of August the federal regulator issued a scathing enforcement action calling for a third party review of the banks management and issuing a directive for the bank to lower its leverage ratios to 7 percent within a year. But that’s not all the FDIC is unhappy about. It appears some creative accounting for non performing loans are an issue."
http://www.teribuhl.com/2011/10/17/occupy-wall-streets-new-bank-under-fdic-enforcement-action/.
If true, that sucks big time. Anyone hear anything about this?
Just moving this to the top of the queue