Aspects, Analysis Of Debt Guarantees By The FDIC

Law360, New York (December 2, 2008, 12:00 AM EST) -- The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) recently approved the final version of the rule governing the FDIC’s Temporary Liquidity Guarantee Program (TLGP). Most aspects of the final rule became effective on Nov. 21, 2008.[1]

The FDIC adopted the TLGP in response to recent disruptions in the credit markets, which have restricted the credit available to banks and their holding companies. The program seeks to decrease the cost of funding for banks and thereby encourage lending to consumers and businesses.

The FDIC...
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