Ari Levy Archive
FDIC undervalued failed banks as suspected
Banking
May 26, 2009
[Skip to the end] As suspected at the time, some (not all) of the failed banks were undervalued by the FDIC to facilitate a quick transfer to other institutions to the detriment of the former shareholders. Worse, the FDIC said some of the banks failed due to liquidity and not capital impairment.
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