Fed Warming To ‘Bad Bank’ Plan

16 Jan 2009

The Federal Reserve is said to be warming to the idea of setting up a so-called “bad bank” to shift toxic assets from a financial institution’s balance sheet.

The Federal Reserve is said to be warming to the idea of setting up a so-called “bad bank” to shift toxic assets from a financial institution’s balance sheet. The Fed is considering that option to revive lending, as well as other plans such as providing further guarantees for ...

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