In Washington, such comments are considered one step away fromofficial announcements. Indeed, the question for many has becomenot if but when.
"FDIC was seeking a financial advisor as early as last August,"Kenneth Kohler, a partner at Morrison & Foerster, tellsGlobeSt.com. "So this has been percolating for some time. Thattells me two things: it is not on a fast track and the FDIC isserious about it."
There are other, more fundamental questions as well, startingwith what shape this program will take—and whether the structurethe FDIC develops is one the private market can or will want tofollow. If past history serves as any guide, the answer to thelatter point would be a resounding yes.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
