2009-06-05 — washingtonpost.com
The rush of capital into the banking industry over the past month is allowing firms to postpone the painful process of selling devalued mortgages and other troubled assets, a step many financial experts still consider necessary to fully revive lending.
The Federal Deposit Insurance Corp. said Wednesday that it would suspend indefinitely the launch of a program to finance investor purchases of banks' troubled loans because few companies were interested in selling.
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tvsterling at 00:10 2009-06-07 said:
What else do you expect? The government has showered them with free money. They are living in hog heaven, courtesy of us taxpayers. Why would they do anything rash like getting their house in order? Permalinkadd a comment | go to forum thread
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