FDIC proposes rules on securitization sales

12/15/2009 | Bloomberg · Reuters

The Federal Deposit Insurance Corp.'s board voted to seek comments on proposed rules on sales of asset-backed securities. "We're trying to strike a middle ground" between those who want little change in securitization and those who want to eliminate it, said FDIC Chairwoman Sheila Bair. "I look forward to eventually finalizing strong, common-sense standards."

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