FDIC Searches for Investors to Buy Up Bad Assets

The ""FDIC"":http://www.fdic.gov/ wants you to help it unload its bad assets ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô and by you, we mean only investors. And by investors, the agency is searching for women and minorities in particular.

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According to a recent release, the FDIC will conduct a number of workshops for interested investors on how to go about buying assets from failed banks.

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The agency will hold these to-dos in Chicago, Los Angeles, and New York across September and October.

Workshops will touch on issues like structured sales transactions, pre-qualification processes, and details about the Small Investor Program and Investor Match Program.

""Our outreach workshops have been met with tremendous enthusiasm by investors. The workshops are an example of our commitment to ensure that the structured sales transaction process is inclusive of all firms, large and small,"" Pamela Farwig, deputy director of the FDIC's division of resolutions and receiverships, said in a statement. ""We believe that expanding the investor pool will assist in minimizing losses to the Deposit Insurance Fund.""

The agency continues to unwind from the bulk of bank failures that taxed its Depository Insurance Fund. Many of the failures left it with a load of assets that it often sells to recover losses.

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