Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In the waning days of December, U.S. Treasury Secretary Henry Paulson ensconced himself in a smoke-filled back room (well, presumably that’s where it was; that’s where shady deals are so often made) with the heads of several large banks, including Citigroup, Wells Fargo and Washington Mutual. Also present were the heads of the FDIC, the OCC and the OTS. They met to forge a plan to bail out subprime ARM borrowers facing looming resets.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.