FDIC's Bair discusses options for targeting troubled assets

01/19/2009 | Wall Street Journal, The

Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., explains the options being considered by the regulator to address troubled assets weighing on financial institutions. One option is for the government to create an "aggregator bank." "The idea here is that the aggregator bank would buy the assets at fair value," Bair said. "Some are concerned that you'd have to mark the assets down to purchase them, but I think it could help provide some rational pricing, actually, for the market in some of these assets because we don't have really any rational pricing right now for some of these asset categories."

View Full Article in:

Wall Street Journal, The

Published in Brief: