FDIC Sells Mortgage Backed Bonds – Is A Taxpayer Bailout Next?

July 30, 2010 – The FDIC today raised $400 million by selling  bonds backed by performing residential mortgages.  The mortgages are part of $39 billion in assets acquired by the FDIC from failed banks (see FDIC’s Mountain Of Failed Bank Assets Grow).  The securities are guaranteed by the FDIC and were sold at a coupon […]