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FDIC just took over a failing bank and wants to spin it out quickly. To do that, you need to know where the bodies are buried. With that in mind, it’s better t
by mbreese 4y ago
FDIC just took over a failing bank and wants to spin it out quickly. To do that, you need to know where the bodies are buried. With that in mind, it’s better to keep the existing people in place for as long as possible.
Remember, this is a short-term gig and there is no guarantee that there will be a job for them after this has all played out. As an incentive to keep the existing people around, they need a carrot to keep them from getting a new (more stable) job.