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Article: United States: FDIC eyes securitization for failed bank assets.

Article from:
TendersInfo
Article date:
November 7, 2009
Copyright

Byline: babalu03

In a move reminiscent of the Resolution Trust Corp, the government agency charged with insuring deposits and thrifts may employ securitization as a tool to help mop up assets of failed U.S. banks.

There have been 115 bank failures totaling $126.7 billion of assets so far this year, and the number threatens to grow as financial institutions struggle to climb out of a deep credit crisis and recession. That has forced the Federal Deposit Insurance Corp (FDIC) to sift through its financial toolkit.

"We're looking at all options to maximize the value of assets in receivership and one of those options is securitizing some pool or ...

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