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The FDIC’s decision on Friday to levy an insurance charge against overnight borrowing by...

The FDIC’s decision on Friday to levy an insurance charge against overnight borrowing by banks has closed off a profitable arbitrage avenue that a number of firms exploited to improve their balance sheets in the wake of the financial crisis, traders say.
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  • bobbobwhite
    , contributor
    Comments (1973) | Send Message
     
    The FDIC is the only gov't regulatory department worth a damn and doing the job it is paid well to do, and that is entirely due to its honest and noble chairman, Sheila Bair.

     

    She is the last gov't holdout against corruption, as all the other regulatory heads have been severely compromised at least, or have totally sold out to Wall Street. Crooks to the very last man, but Ms. Bair stands tall as the "last man standing" in our gov't truly working to control business corruption.
    5 Apr 2011, 10:00 AM Reply Like
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