1.0link145603<![CDATA[FDIC Tries To Break Lending Logjam With $1.4 Trillion Guarantee]]>http://www.huffingtonpost.com/2008/11/21/fdic-tries-to-break-lendi_n_145603.htmlWASHINGTON — The FDIC will guarantee up to $1.4 trillion in U.S. banks' debt for more than three years as part of the government's financial rescue plan.
The directors of the Federal Deposit Insurance Corp. voted Friday to approve the plan, which is meant to break the crippling logjam in bank-to-bank lending.