Daily Reads
Main

WSJ

Taxpayers’ Next Bill: Underwriting Bank Acquisitions

“To encourage banks to pick through the wreckage of their collapsed competitors, the Federal Deposit Insurance Corp. has agreed to assume most of the risk on $80 billion in loans and other assets.” To pay, they’ll either charge all banks or tap the Treasury. Booby prize goes to whoever guesses first which option they pick.

Read the Full Story
TNL
blog comments powered by Disqus
- March 21, 2010 -

MORE LEDGER

ELSEWHERE ON TNL

DAILY READS

MARKETS & POLICY

The WHIP

HEGEMON

CHEQUER BOARD