Friday, March 25, 2011

Failure-wracked FDIC reaches for yield

Think you're getting killed by low interest rates? Just imagine how Sheila Bair feels. The Federal Deposit Insurance Corp. is spicing up its investment strategy after the $40 billion portfolio backing�its deposit insurance fund returned just 0.2% last year. Intensifying that dull ache, the portfolio shrank by a third as the agency tapped the account [...]

Source: http://finance.fortune.cnn.com/2011/03/25/failure-wracked-fdic-reaches-for-yield/

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