The Securities Industry and Financial Markets Association (SIFMA) expressed its approval of the Federal Deposit Insurance Corp.'s (FDIC) reported plan to securitize around $36 billion of failed bank assets. This is in an effort to support the restart of the securitization industry.

Today the SIFMA released the following statement from its President and CEO Tim Ryan regarding reports that the FDIC is working on a plan to package these assets.

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