Inside the FDIC

<b>Witness how the FDIC manages your money during financial crises</b> <p><i>Inside the FDIC</i> tells the real stories behind bank failures and financial crises to provide a direct account of the Federal Deposit Insurance Corporation and other bank regulators. Author John Bovenzi served in senior level positions within the FDIC for over twenty years, including a decade as the Deputy to the Chairman and Chief Operating Officer. This book describes what he witnessed as the person in charge of day-to-day operations, as a nearly invisible agency grew to become a major, highly independent force impacting US financial markets.</p> <p>Readers will learn how the FDIC and other bank regulators use the power of the federal government, spend other people's money, and approach decision-making.</p> <p>This book takes readers inside the FDIC to showcase:</p> <ul> <li>The FDIC's emergence as a major market influence</li> <li>How ten FDIC chairmen helped shape the US financial regulatory system</li> <li>Internal conflicts between the FDIC and other bank regulatory agencies</li> <li>Pressures and challenges presented by financial crises</li> </ul> <p>Since the early 1980s, over 3,400 banks have failed. These failures weren't steady, regular, and easily predictable events; periods of tranquility were followed by turmoil, booms led to busts, and peaceful complacency often turned to sudden devastation. <i>Inside the FDIC</i> chronicles it all, from the perspective of a first hand witness inside the agency responsible for calming the storm.</p>