FDIC Chairwoman Bair Too big to fail has become worse. Its become explicit when it was implicit before.

Treasury Sec. Geithner Most consequential choices involve shades of gray, and some fog is often useful in getting things done.

Downey S&L

Posted by admin on Nov 28th, 2008 and filed under On The Front Lines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Downey Savings and Loan Association, F.A., Newport Beach, California, with $12.8 billion in assets and $9.7 billion in deposits was closed. In a transaction facilitated by the FDIC, U.S. Bank, National Association, acquired the banking operations of Downey Savings and Loan Association, and agreed to assume all deposits.(PR-124-2008)

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