The FDIC admits to being asleep at the wheel regulating Signature Bank! How many more banks should the FDIC escalated supervisory actions sooner on? At what point should supervisory action be escalated for First Republic?

Source: https://www.fdic.gov/news/press-releases/2023/pr23033a.pdf

Reddit post with discussion: https://www.reddit.com/r/Superstonk/comments/1322q1f/fdic_releases_report_detailing_supervision_of_the/

The Fed admits it is asleep at the wheel as well:

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