FDIC Exposed

Exposing the Federal Deposit Insurance Corporation (@FDICgov). We report on FDIC’s violations of laws, rules, regulations, mismanagement and abuse of authority.

[FDIC Exposed @FDIC_Exposed]

.@FDICgov Office of Communications Director Amy Thompson is on blast by her former supervisor, Deputy to the Chairman for External Affairs Nikita Pearson.

For quite some time, we've been discussing Ms Thompson's insider trading of bank stocks, misuse of the contracting process, First Amendment violations by hiding unfavorable content about her, and retaliation against employees.

It's incredible to see it confirmed publicly, but another senior executive who is not part of our whistleblowing team.

Amy Thompson must be removed from the FDIC.

[FDIC Exposed @FDIC_Exposed]

@FDICgov In the interest of transparency, we reached out to the FDIC for comment. The agency declined to provide one. We were directed to contact Mr. Sullivan at [phone] for any further inquiries.

[FDIC Exposed @FDIC_Exposed]

@FDICgov In the interest of transparency, we reached out to the FDIC for comment. The agency declined to provide one. We were directed to contact Mr. Sullivan at [phone] for any further inquiries.

[FDIC Exposed @FDIC_Exposed]

Brian Sullivan of @FDICgov has just threatened to expose any "Jewish" journalist. Text messages forthcoming. We're not sure what this means but, wow, the fact that a media relations "specialist" would even say that is abhorrant.

[FDIC Exposed @FDIC_Exposed]

Brian Sullivan of @FDICgov has just threatened to expose any "Jewish" journalist. Text messages forthcoming. We're not sure what this means but, wow, the fact that a media relations "specialist" would even say that is abhorrant.

[FDIC Exposed @FDIC_Exposed]

@LennepL9069 We will publish the other names shortly.

[A Concerned Human @inner_concerns]

*sip* @FDICgov @FDIC_Exposed
got any commentary?

[Bank Reg Blog @bank_reg]

In the same box, the FDIC IG goes on to relate a separate anecdote about client service that was maybe a little too good

[Bank Reg Blog @bank_reg]

Another sort of funny anecdote from the report.

The FDIC hired a contractor to provide "global advisory services." The contractor would get, among other fees, a fee based on the "sales price" for First Republic Bank. But "sales price" wasn't clearly defined, so naturally...

[Bank Reg Blog @bank_reg]

Not really a bombshell report - it was a crisis, the FDIC skipped a few steps in its contracting processes, and will try to do better next time. I think the below screenshot is fairly representative.

[FDIC OIG @FDIC_OIG]

OIG reports on certain FDIC resolution and receivership contracts during the largest bank failures in Spring 2023 – we identified seven best practices to enhance the FDIC’s control environment and emergency acquisition preparedness. https://t.co/4zC3zv2FBx

[Bank Reg Blog @bank_reg]

Maybe slightly more seriously from today's FDIC IG report, there is this box on "Employee and Organizational Conflicts of Interests"

[FDIC Exposed @FDIC_Exposed]

Multiple reports coming in that @FDICgov Daniel H. Bendler, Deputy to the Chairman and Chief Operating Officer was escorted out of the FDIC yesterday. More details to come.

[FDIC Exposed @FDIC_Exposed]

Multiple reports coming in that @FDICgov Daniel H. Bendler, Deputy to the Chairman and Chief Operating Officer was escorted out of the FDIC yesterday. More details to come.

[FDIC Exposed @FDIC_Exposed]

Another @FDICgov employee is an alleged sex pedo… Jonathan Travis Mackey, 46, of Loveland, allegedly exploited child victims both online and in person while employed by the Federal Deposit Insurance Corporation (FDIC).

Just last year another FDIC employee Mark Black (who was an attorney) was sentenced to twenty years in jail: https://t.co/CrRQPQ4ct1

[Eleanor Terrett @EleanorTerrett]

🚨SCOOP: @PatrickMcHenry reveals that former SEC chief Gary Gensler was not as anti-crypto in private as he was in public.

“I think it had more to do with Senate politics, and confirmation politics.”

Full episode with the former Chair of @FinancialCmte out tomorrow AM!

[Jason Mikula @mikulaja]

FDIC 2025 risk review, which focuses on market risk and credit risk (incl net interest margin, liquidity, funding/deposits, consumer lending) makes *ZERO* mention of: fintech, crypto/blockchain, stablecoins, or AI.

[FDIC Exposed @FDIC_Exposed]

Another @FDICgov employee is an alleged sex pedo… Jonathan Travis Mackey, 46, of Loveland, allegedly exploited child victims both online and in person while employed by the Federal Deposit Insurance Corporation (FDIC).

Just last year another FDIC employee Mark Black (who was an attorney) was sentenced to twenty years in jail: https://t.co/CrRQPQ4ct1

[FDIC OIG @FDIC_OIG]

Local men arraigned in federal court in separate cases alleging child exploitation via online chat, social media sites & in-person abuse. More: https://t.co/ZMJZW08MWp

[Preston Kennedy @BankPres]

The Random Man asks why the FDIC Chairman can’t be @JelenaMcW. The best FDIC Chairman in my lifetime Jelena McWilliams was railroaded out of the job in a politically engineered back-stabbing coup. She’s tanned, rested, and ready.

[Paul Grewal @iampaulgrewal]

Parties in litigation regularly ask for reasonable extensions to deadlines--fine. But @FDICgov just filed 13 pages in our FOIA suit asking the Court for another 16 days to decide whether to ask us for ... even more delay. As laid out in our response, this is absurd.

[McSqueezyTheCow @McSqueezyTheCow]

Banks can now engage in crypto-related [and digital asset] activities without receiving prior FDIC approval, so long as they "adequately manage risks" and "conduct activities in a safe and sound manner"; in accordance with new guidance--FIL-7-2025.
FIL-7-2025 rescinds FIL-16-2022 and provides new guidance, as FIL-16-2022 "established a prior notification requirement specific to crypto-related activities".
FDIC Acting Chairman Travis Hill had the following to say about the regulatory change:

“With today’s action, the FDIC is turning the page on the flawed approach of the past three years...”
FDIC is moving away from a "flawed" approach and allowing banks to engage in crypto-related activities without receiving prior approval from the FDIC.

Making matters worse, the FDIC is phoning in the regulation, and trusting that banks will manage risks and conduct activities safely.

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...what could possibly go wrong?!?!

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FDIC March 28, 2025 Press Release:
https://t.co/kRL1dnd5Wi