The Federal Deposit Insurance Corporation (FDIC) is currently addressing multiple significant issues concerning the stability and oversight of the banking sector. Recently, FDIC leaders debated two proposals aimed at regulating the influence of asset managers and investors over banks. Concurrently, the FDIC is awaiting a crucial court ruling that might require it to pay $2 billion from its insurance fund, related to how it previously communicated decisions that left it financially vulnerable. Additionally, there are growing concerns about the potential failure of a major Wall Street bank, with the FDIC indicating preparations are in place for such an eventuality. This situation is underscored by comments from Thomas Hoenig, former FDIC Vice Chairman, who highlighted the banking system's vulnerabilities just days after the closure of Republic First Bank. The FDIC's challenges are further complicated by its need to implement 'source of strength' rules as mandated by Dodd-Frank 14 years ago.