ABA Estimates Huge Lending Drops from GSE Exposure; FDIC to Offer Assistance
September 26, 2008
The Federal Deposit Insurance Corp. announced that it will develop “capital restoration plans” for institutions that have significant holdings of Fannie Mae and Freddie Mac stock that is now paying no dividends and has been reduced to junk value as a result of the government takeover the two secondary market giants. While banking regulators initially said the takeover the...