Last year’s collapse of Silicon Valley Bank, Signature Bank, and First Republic Bank cost the Deposit Insurance Fund $31.5 billion and the executives responsible got away scott free. Over a year after launching investigations, the FDIC still hasn’t released its findings about potential misconduct by the banks’ directors and officers.

This delay is unacceptable. Without transparency, there can be no accountability, no fines, and no reforms. Every day the report stays under the FDIC’s lock and key is another win for Wall Street’s worst actors and there’s every chance the Trump administration will sweep this under the rug once they take power on January 20.

The 2023 banking crisis was no accident. The banks engaged in high-risk practices and weak oversight. Executives pocketed massive bonuses while their risky strategies put hardworking families at risk.

The FDIC has the power to bring justice, but only if they act. Releasing the details of these investigations could lead to fines, penalties, and bans for executives who prioritized profits over public trust. But the longer this investigation drags on in secrecy, the less likely it becomes that anyone will be held accountable.

Wall Street has been here before. From the 2008 financial crisis to last year’s bank collapses, they’ve relied on delay tactics and bureaucratic red tape to dodge responsibility. The FDIC’s silence sends the message that greed and mismanagement have no consequences. We can’t let this become the status quo.

Transparency is the first step toward accountability. Demand that the FDIC release the results of their investigations now!