The FDIC’s Attempt To Sell Failed Banks
I have to tell you that Shelia Bair is one smart person. She is the Chairman of the FDIC. I don’t just say that because of this article because this isn’t rocket science but I think she just has the right approach to this mortgage mess.
“The Federal Deposit Insurance Corp., grappling with the worst banking crisis since the 1990s, is poised to start breaking failed financial institutions into good and bad pieces in an effort to drum up more interest from prospective buyers.”