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Are FDIC Receivership Sales Eclipsing PPIP Program? October 23, 2009 06:01 PM

The Federal Deposit Insurance Corporation’s sale of assets from troubled banks is seen as a major reason behind the delay of the legacy loans portion of Public-Private Investment Program. “The opinion out there is that the FDIC has taken over a lot of banks and people are waiting for FDIC sales rather than waiting for banks to market their toxic assets, which would then be available for PPIP,” said David Furman, partner at Gibson Dunn & Crutcher.

The FDIC this year has received assets ...

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