Help Your Uncle Mop Up

In the banking world, clean-up follows crisis, just as surely as night follows day. So if you’ve been jilted out of commercial, investment or mortgage banking accounting, you’ll find Uncle Sam is staffing up.

The Federal Deposit Insurance Corp. (FDIC) says it’s going to pick up 69 temporary employees and 69 permanent staffers in its division of resolutions and receiverships over the next few months. Those jobs will be based in Dallas, Texas, which became a hot spot for workouts during the late 1980s.

An FDIC spokesperson said they’ll be re-hiring retirees with experience, as well as new employees. Those who know that RTC stood for Resolution Trust Corporation and those who think they’d enjoy unwinding institutions to recapitalizes the deposit insurance fund can check for current openings and register to get emails here.

It stands to reason that the FDIC won’t be the only player in the federal sector in need credit crisis clean up help. You may also want to check in with The Office of the Comptroller of the Currency (OCC), the Federal Reserve, the Federal Housing Administration (where mortgage volume has exploded) and the government-sponsored mortgage enterprises, Fannie Mae and Freddie Mac.