The FDIC Frat-House Culture of Sexual Harassment

Source: American Prospect
by Robert Kuttner

“The Federal Deposit Insurance Corporation plays two complementary roles. First, it insures deposits of up to $250,000 per bank, pays back depositors when banks fail, and restructures failed banks. But it has an even more important role as one of three key agencies, along with the Federal Reserve and the Comptroller of the Currency, that set bank regulatory policy in general. … If you think of what the FDIC actually does, much of it involves field trips to examine banks. Examiners, almost two-thirds male, go on the road, stay in hotels, and many are in the habit of crudely looking for sex from their female colleagues.” (05/10/24)