Indymac

Private Equity To The Banking Rescue?

The Economist recently pointed out how private equity is gearing up for some serious financial sector investing, saying that 60 private equity funds that focus on financial services were set up in 2008 and 114 are in the works. One key reason for the trend is that non-banking firms previously could not own significant stakes

FDIC Head Sheila Bair’s Growing Role In The Crisis

Who says investment banking is deal. The new deal brokers on The Street are the Fed, Treasury and, increasingly, the FDIC. Under Sheila Bair, the FDIC’s role in the credit crunch is getting larger and larger. When Indymac went down, it caused great concern that the FDIC’s industry-funded deposit insurance fund would quickly be depleted