To the Editor:
Concerning your recent headline: "Who are the Fat Cats Now." Complaints about FDIC taking upside in failed bank deals reeks of sour grapes, with more than a hint of "damned if you do; damned if you don't thrown in. Faced with overwhelming demands on the insurance fund,and the need to ensure soundness in a stressed banking system on one hand, and continuing complaints about rising premiums on the other, by taking upside, the FDIC has found a way to try and capture additional value and not "giving away the store." They should be congratulated not subject to grousing. Those who want in on failed bank deals need to think about sharing the upside, not just the pain.
Roger J. Lerner, Esq.
Former Asst. Director of Resolutions
Resolution Trust Corporation