Upside/Downside: FDIC Tries to Get Back Millions from Former AmTrust Parent

Last year was a bad year for banks. Consider this, before the economic collapse, maybe 20 banks would fail in a given year. Last year, regulators shut down 140. One of the biggest to fail was Cleveland’s AmTrust bank. It cost the Federal Deposit Insurance Corporation more than $2 billion. Now, the FDIC is trying to find some new ways to get some of that money back and ideastream®’s Dan Bobkoff is here to tell us about it.