FDIC Issues Guidelines on Covered Bonds

The FDIC has been busy lately. They recently got the spotlight for taking over during the IndyMac Bank failure, and there will probably be a few more to come. However, other FDIC actions have gotten less attention. Last week they issued guidelines on what happens to covered bonds in bank failures. About.com's Bonds expert discusses the covered bond guidelines and how they work.

Further reading:

• FDIC: Covered Bond Guidelines Issued
• How Bank Failures Work
• How FDIC Insurance Works