Website owner: James Miller
Sex, drugs, booze, pornography culture at the FDIC. Gross debauchery at the highest levels of our land.
I have said that America is corrupt. How about the following from SovereignMan.com:
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November 16, 2023
We’re going to talk about strip clubs and binge drinking today. Yet surprisingly this article is not about Hunter Biden.
I’m actually talking about the FDIC… as in the organization that’s supposed to insure customer deposits in the US banking system.
The FDIC isn’t typically an institution that’s associated with sex, drugs, and booze; in fact an agency that sends people from bank to bank across the country to comb through financial records and look for infractions of obscure regulations… should qualify as THE most boring in the world.
But the reality is the complete opposite.
According to a bombshell report published earlier this week by the Wall Street Journal, the FDIC has a hard-partying, sexed-up Caligula boozer dick pic culture that’s a cross between National Lampoon’s Animal House and the TV show Mad Men.
According to the Journal’s report, some FDIC meetings would take place at strip clubs. Senior bank examiners routinely sent around dick pics to the women on their teams. Auditors were encouraged and pressured to drink whiskey shots during work hours while in the field.
Female employees were openly rated on their looks and expected to have sex with their male supervisors in exchange for promotions and higher ratings.
And vomiting off the roof of the FDIC’s Washington DC area hotel was so common it became a rite of passage. (I was as surprised as anyone to learn that the FDIC owns and operates its own hotel…)
Taxpayers rightly have a certain expectation of their public officials-- especially when said public officials have the solemn charge of ensuring the safety of the banking system.
And I think it’s safe to say that a hypersex boozer dick-pic culture at the FDIC falls far, far short of that expectation.
Now, as ridiculous as the FDIC’s party culture may be, it’s made even worse by the fact that the organization has repeatedly failed at its core mission.
Earlier this year, several large banks in the United States (led by Silicon Valley Bank) went bust; these were all banks that were regulated and supervised by the FDIC.
FDIC examiners had conducted multiple audits and examinations of Silicon Valley Bank… yet they never sounded the alarm or raised a red flag.
Perhaps that’s because senior management was too busy f*cking the analysts and getting hammered on the job.
It reminds me of the revelation about the SEC back in 2010.
The SEC is the government agency that regulates financial markets; yet they totally missed the warning signs of the Global Financial Crisis, as well as the Bernie Madoff fraud.
Well according to an internal investigation by the SEC’s Inspector General, it turns out that many of the agency’s senior employees were too busy looking at porn to do their jobs.
According to that Inspector General report, one senior SEC regulator accessed porn sites 1800 times during a two-week period from her government laptop. Another top attorney at the SEC spent up to EIGHT hours per day watching porn at work.
Yet even the SEC’s brazen debauchery has now been surpassed by the clowns at the FDIC. And the problem clearly starts at the top.
The FDIC’s chairman was hauled in front of Congress earlier this week where he faced questions about his agency’s extreme misconduct, as well as his own.
The chairman blatantly lied while under oath to the Senate panel by claiming that he had personally never been investigated for misconduct.
Yet upon later realizing that he would be caught in his lie, the FDIC Chairman then reversed his testimony and admitted that, yes, he had in fact been investigated for personal misconduct.
It’s all so utterly pathetic. And yet, this is the organization that’s expected to maintain a sound banking system in the US… which is a pretty big challenge right now.
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See
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