Humble Start for FDIC Shift… WSJ article by Ruth Simon & Peter Lattman

Posted by on June 24, 2010 · 4 Comments 

To read the article, please click HERE.

A quote:
An FDIC spokesman said the retroactive rescue “would provide a more-even treatment of uninsured depositors since the onset of the crisis.” In response to depositor complaints, the agency has simplified some of its rules on insurance coverage for account beneficiaries. A spokesman for OneWest Bank, formed by private-equity investors who bought IndyMac assets and operations from the FDIC last year, declined to comment. … Of course they declined to comment.

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