So far, Wells Fargo is the only big American bank that the FDIC judges capable of that. |
In which case, the FDIC will end up paying out on the insurance for overpriced assets. |
Two weeks later, the FDIC seized Washington Mutual and wiped out the bondholders. |
Its two branches were taken over by Ameris and the FDIC made depositors whole to the extent of their insurance. |
And the insurance fund run by the FDIC is replenishing itself without having to dun taxpayers. |
The investigation was originally started by the FDIC and the Utah Department of Financial Institutions. |