Take Out Your Trash

The Federal Deposit Insurance Corp. insures bank deposits, bullies, racists and sexual predators

“Your brand is what other people say about you when you're not in the room.” - Jeff Bezos

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Some boys from the Federal Deposit Insurance Corp. decided to hit a strip club during one of their frequent business trips and they dragged along a reluctant female colleague.

Here’s how it went, according to an investigation that the FDIC commissioned:

She did not want to be the one putting a damper on the evening. She called herself a cab from the club as soon as she could. After her cab arrived, one of her colleagues asked if she could take the former executive back to the hotel, as he was being thrown out of the club for inappropriately touching dancers.

During the cab ride, the former executive asked her, “does your husband eat you?” She was stunned by what he had said and did not know what to say.

She told her husband but never reported it … As she explained, “What am I going to do? …” If you tell, “you’ll be the first to be shipped to Timbuktu.”

If you want to read some serious smut, check out the FDIC’s Special Review Committee Report by law firm Cleary Gottlieb Styeen & Hamilton LLP, released last week. Here you’ll find scores of stories that could make Harvey Weinstein blush.

The law firm gathered reports from more than 500 of the agency’s more than 5,000 employees. They recounted hundreds of instances of sexual harassment, assault, bullying, racism and homophobia – all protected within a heavy-drinking frat-boy culture.

The FDIC’s secrets are no longer safe. (Photo credit: Carol M. Highsmith, Public domain, via Wikimedia Commons.)

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