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Franklin Bank

Texas Company Is First To Buy Toxic Assets Under New FDIC Plan

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON - The Federal Deposit Insurance Corp. on Wednesday named the first winning bidder under a test of the government's program to back private ...

Whistleblower Says Failed Texas Bank Lied About Housing Losses

BailoutSleuth |   by AVI KLEIN | Posted 05.25.2011 | Business

A former executive for a failed Texas bank alleged that his superiors refused to acknowledge the company's heavy exposure to the housing market, which...