Banks want it both ways

The FDIC is being lobbied by banking trade groups for permission for banks to be able to bid on the same “toxic” assets that the banks will be putting up for sale in the government’s Public Private Investment program.  The Feds haven’t said yet if banks can have it both ways.  School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, can comment.

Contact Cornelius Hurley, 617-353-5427,

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