FDIC to abandon downtown?
File this under stupid: the Bush admin wants to move the FDIC out of Lower Manhattan.
New York, NY: Elected officials will gather at the Federal Deposit Insurance Corporation (FDIC) regional office in Lower Manhattan on Sunday to protest the agency’s proposed move away from the Financial District, a move that would undermine our nation’s financial center, further erode investor confidence in the financial industry and unnecessarily increase the FDIC’s operating costs at a time of depositor need.
WHO: State Senator-Elect Daniel Squadron, State Assembly Speaker Sheldon Silver, Congress Member Jerrold Nadler, Manhattan Community Board #1 Chair Julie Menin
WHAT: Press Conference outside FDIC headquarters to:
• Call on the agency to remain in the Lower Manhattan Financial District
• Release cost estimates showing that staying downtown could save the FDIC millions of dollars each year, with an open RFP process
WHEN: Sunday, November 23rd, 11:00 a.m.
WHERE: Outside FDIC headquarters, 20 Exchange Place (east of William St.)
How about they, like, fixing the freaking economy instead of moving? Priorities, anyone?
