TITLE

Bailout Fever: Rush To Judgment

AUTHOR(S)
Isaac, William M.
PUB. DATE
October 2008
SOURCE
Investment Dealers' Digest;10/6/2008, Vol. 74 Issue 38, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
34702777

 

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