“F.D.I.C. Seeks to Attract More Buyers of Banks”

Faced with a growing wave of bank failures, the Federal Deposit Insurance Corporation is taking extraordinary steps to attract buyers for troubled institutions to keep the fund that makes depositors whole from being drained. ”

This link posted earlier about the FDIC is a good one.
Down at the bottom of the page I read this interesting phrase>>>

“It is also expected to play a role in the government-assisted acquisition of Guaranty Financial of Texas by a large Spanish bank, BBVA, which could be announced as early as Friday.”

So the FDIC is in such trouble they are going to sell the Assets of Guaranty to a bank in Spain?

http://www.nytimes.com/2009/08/21/business/21fdic.html?_r=1&adxnnl=1&partner=rss&emc=rss&adxnnlx=1250834598-klVbIUQEz3GNFMzzATfVHA

Related Posts:

• “The FDIC said it has entered into a “purchase and assumption agreement” with BBVA Compass of Birmingham, Ala.”
• Here’s the upcoming FDIC events:
• The loss to the FDIC
• Guaranty Bank will fizzle after the Bell. Is the FDIC Bankrupt yet?
• URGE YOU TO READ: THE MYTHICAL FDIC FUND

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