The US Federal Deposit Insurance Corporation is working on plans to package billions of dollars of assets from failed banks into securities, a move aimed at boosting still-dysfunctional markets for mortgage-backed bonds. If the FDIC proceeds, it could help rid the banking system of troubled assets. The FDIC has more than $36bn in assets on its books from failed institutions seized in the financial crisis.

This entry was posted by Gwen Robinson on Monday, January 25th, 2010 at 4:59 and is featured in The 6am Cut London (25 Jan 2010) . Tagged with fdic. Edit this entry.