FDIC: here come the clawbacks...

This could be interesting…

ritholtz.com/blog/2010/10/he … clawbacks/

If prosecution for looting takes hold, I’ve little doubt pressure will be put on our system to follow suit. Prison is not going to hurt these chaps (as it is unlikely a conviction can be got (not that anyone is trying here!)). What will hurt is having the CAB fill some of the holes in the deficit by following the money…