Credit Unions Eye Securitization Exit For Toxic ABS

27 Sep 2010

The National Credit Union Administration is planning to create a securitization trust to deal with some $50 billion of toxic asset-backed securities held by failed credit unions.

The National Credit Union Administration is planning to create a securitization trust to deal with some $50 billion of toxic asset-backed securities held by failed credit unions. The plan is said to be similar to one used earlier this year by the Federal Deposit Insurance Corp. to dispose ...

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