The FDIC swoops in and closes a failing bank. Then what?
The FDIC guy who closed the bank down gets choked up when he thinks back on it. And Todd Zalk — who was so connected to his job that he wore his bank name tag months after the bank closed — describes how it felt when a former colleague pleaded guilty to hiding bad loans. (Zalk is pictured above, by the way.)
Also on today's show: Our toxic asset gets a name.