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but today's plea we take another step forward and bring you to justice those individuals whose criminal conduct participated and contributed to the failure than what you trust company mr. Bailey's participation in both conspiracies shows a violation of both the public trust and an abuse of power mr. Bailey's overarching criminal conduct in approving improper supplemental financing for failing limited trust borrowers contributed substantially to the bank's demise his conduct and that of others enabled the bank the false early report its level of non-performing loans to federal regulators in the public by hundreds of millions of dollars as you heard today in the courtroom we hope that this conviction will demonstrate my office's continued commitment to protecting the integrity of financial institutions and then individuals such as mr. Bailey will pay a price if they violate those rules and violate the law

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