Securitization

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FDIC Paves the Way to Covered Bonds 

Jan 18, 2009By

In a move that at least one market expert has been suggesting was needed for months, the Federal Deposit Insurance Corp. suggested late Friday that it would look to expand a key debt guarantee program to accommodate covered bond issuances; the move represents the latest and most significant effort yet to bring in fresh liquidity to an ailing national mortgage market.

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