fdic

(eg. butterfly, fire, solace )

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(n) a federally sponsored corporation that insures accounts in national banks and other qualified institutions

"I commend the action taken by Chairman Bair and the FDIC today to facilitate the sale of Wachovia Bank to Citigroup in an orderly fashion to mitigate potential market disruptions," said Paulson. "The FDIC's actions help to mitigate potential...
on Sep 29, 2008 By: Henry Paulson Source: CEP News
"Indymac's takeover by the FDIC is one of many to come," predicted Daniel Alpert, an investment banker at Westwood Capital in New York.
on Jul 13, 2008 By: Daniel Source: Independent
"If you look at how the FDIC has handled a situation like IndyBank for example, it actually does these kinds of resolutions effectively when it's got the tools to do it. We don't have the tools right now," Obama said.
on Mar 24, 2009 By: Barack Obama Source: Reuters