As readers know I think the FDIC did a terrible job with the WaMu takeover. In the WaMu case the FDIC without seemingly any justification and with no appeal took away the rights of the senior creditors.
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In praise of the FDIC
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As readers know I think the FDIC did a terrible job with the WaMu takeover. In the WaMu case the FDIC without seemingly any justification and with no appeal took away the rights of the senior creditors.