-
By:
-
Tom Kerr - MortgageLoan.com | 12/13/2008 - 1:10am
Major banks, including Citigroup, Wells Fargo, JPMorgan Chase, and Bank of America, recently told the government that the FDIC program to back their bonds is not a strong enough guarantee. They want unconditional support; but the FDIC wants a more regulated and controlled bailout.