muzie_IHB
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FDIC Faces Mortgage Mess After Running Failed Bank
Juicy story about how Superior Bank FSB, which was overtaken by the FDIC in 2001, went on to make more than $500 million in questionable suprime loans under FDIC supervision instead of being closed down. Even Uncle Sam was making bad loans in the bubble it seems.
Juicy story about how Superior Bank FSB, which was overtaken by the FDIC in 2001, went on to make more than $500 million in questionable suprime loans under FDIC supervision instead of being closed down. Even Uncle Sam was making bad loans in the bubble it seems.