American Association of Bank Directors Questions Material Loss Reviews- Claims That Bank Directors Always to Blame for Bank Failures
Commercial & Investment Banking, Picture Gallery Tuesday, February 5th, 2013
WASHINGTON, DC — (Marketwire) — 02/05/13 — The (AABD) has issued a analyzing the Material Loss Reviews (MLRs) conducted by the Office of Inspectors General of the FDIC, Federal Reserve Board and the Department of Treasury, noting that many of the Material Loss Reviews are flawed and cannot be relied on. In reviewing a sample of MLRs of failed banks, AABD found one constant throughout — the bank failure was always determined to be the fault of the failed bank-s board of directors."The
