Ashcraft, Adam B. (contributor); Bech, Morten L. (contributor) - 2008
fall of 2007
was quite different from what occurred during the last major global liquidity event: the Asian
financial … Deposit Insurance Corporation, or FDIC) in the
event of a member’s default; this is often described as a “super-lien.”
15 … serves to weaken the claims of existing private creditors and expose the FDIC to increased
losses in the event of failure …