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Archive Home > 2009 > September > 17 > FDIC testing new toxic asset program

FDIC testing new toxic asset program


September 17, 2009

WASHINGTON — The Federal Deposit Insurance Corp. on Wednesday named the first winning bidder under a test of the government’s program to back private purchases of toxic mortgage assets and get them off banks’ balance sheets. Fort Worth, Texas-based Residential Credit Solutions Inc. is paying....

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