The 800 Pound Gorilla

"800 Pound Gorilla:  One that is dominating or uncontrollable because of great size or power." -Merriam Webster Dictionary

Community businesses are the backbone of America, but they don't have the clout of corporations deemed "too big to fail."  The end result is that dollar for dollar, the government is causing irreparable damage to the economy and small-town America by targeting the little guys.

To community banks, the FDIC is the 800 pound gorilla - their words, not ours.  They were originally founded to protect depositors and banks after the bank runs in the Great Depression.  The Savings & Loan crisis in the 1980s was their first big test, and they failed.

One of our sources* wrote, "It is often said that generals are always fighting the last war.  The same could be said of the regulators in the current Great Recession."  Where the FDIC failed in the S&L crisis, they are taking out on community banks today.  In addition, they are covering up their recklessness during the housing boom by blaming us.

We are left fighting not just the bureaucratic machine, but an organism drunk with power that holds in their hands the careers and life savings of hard-working, dedicated people.  They are destroying our communities and selling us out to corporations who only care about the bottom line.

By telling the stories of community banks, we aim to expose the FDIC, their dirty tactics, and the far-reaching repercussions of their actions.


*  This particular source has stated this publicly.  However, FDIC Exposer has elected to preserve a degree of anonymity for all involved to prevent retaliation for the time being.  The threat of retaliation is real and has been exercised by the FDIC, as future posts will show.  Once the public knows how the FDIC works, we will be fully transparent in the hope that the FDIC's power to retaliate will be limited.