”˜No-Risk’ Insurance at F.D.I.C.

So how much does the F.D.I.C. think it might lose? “We project no losses,” Sheila Bair, the chairwoman, told me in an interview. Zero? Really? “Our accountants have signed off on no net losses,” she said. (Well, that’s one way … Continue reading ”˜No-Risk’ Insurance at F.D.I.C.