Complexity Office Faces Doubt It Will Dismantle Big Banks
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From a glass-walled room known as the Fishbowl at the Office of Complex Financial Institutions in Washington, James Wigand can survey his domain.
The 55-year-old head of the Federal Deposit Insurance Corp.’s newest division has the power to dismantle the country’s 22 largest banks, a projected staff of 156 to help him monitor their health, a $60 million budget and a 65-inch video screen mounted in the conference room that can connect to any FDIC office in a crisis.