Archive for the ‘FDIC’ Category

FIRREA ATTACK AND LANDLORD DISCOMFORT ABATEMENT

As if commercial landlords weren’t suffering enough, bank takeovers by the FDIC leave additional misery in their wake. Most commercial landlords are familiar with the fact that the federal statute known as FDIA, or Federal Deposit Insurance Act, the legislation governing bank insolvencies. This act essentially is a regulatory bankruptcy code, but acts somewhat differently […]

Insurance companies, Bank safety

As the credit crisis started to unfold, one of the first things we really noticed was the AIG bailout. What I didn’t understand was what sort of exposure AIG had to the credit crisis; I didn’t realize that they had written insurance for the “CMO”s (Collateralized Mortgage Obligations, or, toxic debt wrapped in Christmas paper) […]