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Savings Groups Must OK Security Issuers Periodically: FDIC

By Maria Chutchian (July 20, 2012, 8:28 PM EDT) -- The Federal Deposit Insurance Corp. on Friday issued a final rule that prohibits any insured savings association from acquiring a corporate debt security unless it confirms, before and after the acquisition, that the issuer will meet its financial commitments for the projected life of the investment....

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