May 26, 2009 at 09:03 AM EDT
FDIC undervalued failed banks as suspected
[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. This means they [...]
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