FDIC names its first 'toxic asset' winner
Residential Credit Solutions buys 50% stake in $1.3 billion of failed loans
Posted: September 17, 2009 at 4:48 a.m.
The Federal Deposit Insurance Corp. on Wednesday named the first winning bidder under a test of the government's program to back private purchases of toxic mortgage assets and get them off banks' balance sheets.
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Business, Pages 24 on 09/17/2009
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