FDIC slow to pursue failed bank directors, recover tax dollars

By Ben Hallman

With the FDIC struggling to manage huge losses to its insurance fund, critics say the agency should do more to hold executives of failed ban

Excerpts from this story referencing "government insurance fund":

"… Corp. has briskly shuttered 347 failed banks since 2008, at a cost to the government insurance fund of about $76 billion. But the regulator has moved at glacial speed in sui …"

"… recoup $70 million of the estimated $295 million that the failure cost the government insurance fund. Attorneys representing five of the defendants could not be reached for co …"