Dark Capital ยท DC-037
I FILED THE REPORT ON MARCH 12TH. THEY SOLD THE BANK FOUR DAYS LATER. MY NAME WAS NEVER ON IT.
David Kern, embedded as a Federal Reserve examiner, reported that Allegheny Capital was insolvent on March 12, 2008, highlighting a liquidity crisis with 47 billion in overnight borrowing versus 18 billion in liquid assets. Four days later, the bank was sold for $2 a share, and his report was released without his name.
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