TITLE

FDIC Revives a Workout Tactic, $1.8B Bond Sale

AUTHOR(S)
Adler, Joe
PUB. DATE
March 2010
SOURCE
American Banker;3/15/2010, Vol. 175 Issue 39, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a bond sale by the U.S. Federal Deposit Insurance Corp. (FDIC). Over 70 investors purchased bonds stemming from mortgage-backed securities held by failed banks. In effect, the investors received notes guaranteed by the FDIC in a transaction aimed at reducing that agency's inventory of assets from defunct banks.
ACCESSION #
48620585

 

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