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Full faith and credit
"My friends, there is good news and bad news," writes L. William Seidman in his illuminating Washington memoir. "The good news is that the full faith and credit of the FDIC and the U.S. government stands behind your money in the bank. But the bad news is that you, my fellow taxpayers, stand behind the U.S. government." In Full Faith and Credit, the outspoken and controversial former FDIC/RTC chairman under Presidents Reagan and Bush offers a witty, Washington-laced journal on how politics shaped the S & L disaster and many other banking and financial issues of recent years. During his tenure as FDIC chairman, he was chosen by Congress to lead the cleanup of the S & L mess. Now he describes who was involved and how the government let it occur - including what he saw, heard, and survived as a highly visible member of the government. In his colorful and contrary style, Seidman takes a...
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