Editorial: Bank Secrecy: Why Guarantee Wrongdoers Anonymity?

The Connecticut Law Tribune


When a state-insured financial institution fails, and Connecticut taxpayers foot the bill, the public is left in the dark as to the causes of the failure. In Connecticut, as elsewhere, if a state financial institution should go into receivership, the relevant regulatory reports by publically-funded examiners — regarding loans to favored insiders, directors, and officers and politicians — are sealed from public view.

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