Sandra Thompson, director of the division of supervision and consumer protection at the Federal Deposit Insurance Corp., (FDIC) stated that "we are all facing tough times," which has "caused the government to intervene."

Thompson replaced FDIC Chairman Sheila Bair this morning as a speaker at the American Securitization Forum gathering being held in Las Vegas this week,

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.