Cautiously Floating:
The Federal Deposit Insurance Corp (FDIC) announced last night that it may set up a "bad bank" as a vehicle to buy toxic or illiquid assets from banks.
The Fed will deliver their interest rate decision and policy statement at 2:15pm ET. There is nowhere for the Fed to move rates, but the wording of the statement should gather a lot of interest.
About Me
- Gary Dickson
- Ogden, Utah, United States
- Serving Mortgage Customers Since 1988
