Public denied details of bids for failed banks
Banking insiders are wondering why the Federal Deposit Insurance Corp. is no longer disclosing information on bids for failed banks. The information is needed to formulate future bids and should be available under the Freedom of Information Act. -DB American Banker August 24, 2009 By Marissa Fajt For decades, the Federal Deposit Insurance Corp. disclosed all bids on failed banks to the public. That was then. This is now: no disclosure on losing bids, no explanation