[$$] FDIC to Sell $409 Million in Mortgage Bonds (at The Wall Street Journal)

[$$] FDIC to Sell $409 Million in Mortgage Bonds (at The Wall Street Journal)

July 23, 2010, 4:59 pm

FDIC to Sell $409 Million in Mortgage Bonds The Federal Deposit Insurance Corp. is tapping the securitization market to rid itself of assets from failed times, selling $409 million of mortgage bonds originated or acquired by 17 failed financial institutions.