The FDIC’s open bank assistance procedures normally require the FDIC to find the cheapest way to rescue a failing bank
The FDIC’s open bank assistance procedures normally require the FDIC to find the cheapest way to rescue a failing bank After a round of mediation between Geithner and Bair, the FDIC declared that Wachovia was « systemically important » to the health of the economy, and thus could not be allowed to fail. It was the first…
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