FDIC may tweak plan to remove shortest-term loans

11/21/2008 | Bloomberg

The staff of the Federal Deposit Insurance Corp. is expected to recommend that the regulator limit its $1.4 trillion debt-insurance program to loans that mature in more than 30 days, a source said. Economists warned that the program in its original form, which includes short-term loans, could trigger a mass departure from the interbank overnight loan market, introducing yet another wave of uncertainty to debt markets.

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