The Federal Deposit Insurance Corp. and the Resolution Trust Corp. deserve our applause. While public attention has focused on legislative wrangling over how to pay for the savings and loan debacle, these agencies have quietly done a remarkable job of protecting depositors, recapitalizing failed institutions, and returning assets to private hands.

While extending our congratulations, we must caution the agencies not to tarnish a good record by prosecuting the wrong people for the wrong reasons.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.