FDIC winding down corporate-debt guarantee program

04/27/2012 | AmericanBanker.com (free registration)

The Federal Deposit Insurance Corp. is quietly winding down a program launched during the financial crisis that guaranteed financial institutions' corporate debt. The program, part of the Temporary Liquidity Guarantee Program, officially ends later this year. This week the FDIC said it had begun moving unused fees paid into the program to its Deposit Insurance Fund. Analysts say the effort was more successful than the Treasury's Troubled Asset Relief Program.

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