The FDIC to Stabilize the System by Adding More Risk

Andrew Sorkin had an interesting piece this morning in the NYT where he discusses Sheila Bair’s zero risk estimation for insuring the Private-Public Investment Program [PPIP]. Here are few excerpts. In the fine print of Treasury Secretary Geithner’s plan (PPIP), you’ll find some details of how the F.D.I.C is trying to stabilize the system by adding [...]