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Its certainly creative.But, as noted, FDIC is only on the hook if BofA goes into failure. They may be in difficult times but failure is unlikely.This highlights the folly of failing to use Toxic Asset Relief Program (TARP) to relieve the toxic assets. They're as toxic as ever.I am curious to see how this FED v FDIC battle plays out. If it stands, expect to see more of the same.
Its certainly creative.
But, as noted, FDIC is only on the hook if BofA goes into failure. They may be in difficult times but failure is unlikely.
This highlights the folly of failing to use Toxic Asset Relief Program (TARP) to relieve the toxic assets. They're as toxic as ever.
I am curious to see how this FED v FDIC battle plays out. If it stands, expect to see more of the same.
