FDIC Effort to Scrutinize Asset Managers Stirs Up Hornet's Nest

Also, not everyone at industry roundtable bashed Basel; SEC's Birdthistle lands

Republican Jonathan McKernan has been pushing the FDIC for months to scrutinize asset managers like BlackRock that hold large stakes in banks. But in a case of be careful what you wish for, the agency’s Democrats have seized on the issue – and are threatening to upstage him with an even tougher plan.

The debate may come to a head this week, sources insid…