When a state-insured financial institution fails, and Connecticut taxpayers foot the bill, the public is left in the dark as to the causes of the failure. In Connecticut, as elsewhere, if a state financial institution should go into receivership, the relevant regulatory reports by publically-funded examiners — regarding loans to favored insiders, directors, and officers and politicians — are sealed from public view. If the institution is insured by the Federal Deposit Insurance Corp., examiner records are almost never available to the public under federal law. Connecticut law does not appear to be more transparent
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