Sign Banking Presentation Georgia Later

Industry sign banking georgia presentation later

he was asleep at the switch when a georgia bank failed losing tens of millions of dollars and now he's the chairman of the Georgia House committee that oversees banks I wish I were joking but state representative Greg Morris was a member of the board of directors of the Montgomery Bank and Trust in a Lee Georgia when it went bust he has no business running the banks and banking committee in the Georgia House of Representatives and here's why like a lot of banks Montgomery Bank and Trust suffered during the 2008 financial crisis but there was a lot more to it the executive director of the bank Aubrey Lee price faked his own death after stealing millions of dollars the state sees the bank's assets and the FDIC shut it down completely in 2012 price was captured two years after his disappearance tried for defrauding bank customers and sentenced to 70 years in prison he's supposed to pay forty six million dollars in restitution at some point but don't hold your breath then in 2015 the feds went after the board of directors including representative Greg Morris for sitting idly by while price fleeced the bank the FDIC sued the board in all of its members including representative Morris for order to pay a nine hundred and sixty five thousand dollar settlement this year this is serious some of the people who served on the board from Montgomery Bank and Trust have been barred from ever working in the securities industry again yet one of them is the banks and banking chairman wait a minute what worse hardly anyone is talking about it the local papers have chosen not to report on the issue and the state media has been silent that leaves you the people to demand better oversight representative more should have stepped down as chairman and forfeited the extra tax dollars he receives as a higher up in the legislature to show people he understands his negligence but he hasn't done that the other option tell house speaker David Ralston this is ridiculous here's his phone number and his email address tell him that you don't believe someone who's been sued by the FDIC over a failing bank is capable of leading the House Committee on banks and banking practices in the state of Georgia tell him it's time to relief representative Morse of his duties and replace him with someone who hasn't faced federal fines and sanctions after all you're judged by the company you keep all right just so we're all on the same page this segment represents my views and not necessarily those of Fox 5 Atlanta but we want to know whether it represents your views so tell us whether you like it or not and who knows maybe I'll respond to you on FOX five