Sheila Bair, U.s. Banking System | featured news

FDIC Woes Signal Larger Problem

FDIC Woes Signal Larger Problem

The difficulties at Sheila Bair's regulator highlight just how distressed the U.S. banking system really is. Congress was told Thursday that the two government-sponsored mortgage enterprises (Fannie Mae and Freddie Mac) may need more public funds--but the Federal Deposit Insurance Corporation (FDIC) insists it can do without taxpayer dollars.

 

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