A request for interview with The Federal Reserve was made but there’s been no response.
A request for an interview with the FDIC was made but I was told by a spokesperson, “the FDIC does not talk about open and operating institutions.”
A request for an interview with the CDFPI was made but I was told by a spokesperson that the, “DFPI does not comment publicly on applications, examinations or investigations.”
When agencies don’t answer questions from the press or asset managers …what’s that called? Of course companies don’t want to get negative press, or to have panic around a bank. It’s in everyone’s best interest to handle issues quietly and with discretion without unneeded additional problems. However when a bank has a history of issues and then authorities are asked what’s going on and the reply is we can’t talk about it, trust in these entities and the process is hard to come by.
“What’s also sad is from 2008 til 2018 there were a lot of problem banks. There’s 10 banks on their watch list. 10. They got a whole group of people. So, you’ve got 10 banks that have a problem, you should go solve those problems because there’s a lot of you out there doing what?”
