The Federal Deposit Insurance Corp. may offer investors financing to buy distressed U.S. bank assets without requiring them to share an equity stake with the Treasury, people familiar with the matter said.
Treasury capital probably won’t be applied to the FDIC’s pilot program to buy as much as $1 billion of so-called legacy loans that is planned for June, the people said on condition of anonymity because no final decision has been made.
Thursday, April 30, 2009
FDIC May Let Investors Buy Toxic Assets Without Treasury Stake
Bloomberg reports:
