Bailout Fever: Rush To Judgment

Isaac, William M.
October 2008
Investment Dealers' Digest;10/6/2008, Vol. 74 Issue 38, p3
Trade Publication
The article reports that the Congressional leaders are limiting to enact the $700 billion real estate loan purchase from Wall Street, which was proposed by the U.S. Department of Treasury. It notes that depositors are getting intense, in reaction to the failure of IndyMac Corp., in which uninsured depositors were open to loss. It suggests that Federal Deposit Insurance Corp. (FDIC) should handle all bank failures and protect depositors and creditors.


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