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Cryptopolitan 2023-09-13 16:27:41

FDIC grapples with mortgage bonds from bank failures

In the aftermath of the unsettling collapses of Silicon Valley Bank and Signature Bank, the United States government grapples with the weight of nearly $13 billion in mortgage bonds that have proven exceptionally challenging to offload. Originally backed by long-term, low-rate loans primarily earmarked for affordable apartment construction projects, the Federal Deposit Insurance Corporation (FDIC) ... Read more

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