Ashcraft, Adam B.; Bech, Morten L.; Frame, W. Scott - 2009
different from what occurred during the last major global liquidity event: the Asian
financial crisis. During the fall of 1998 … 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 …