Getting your player ready...
WASHINGTON — Federal banking regulators on Tuesday proposed stricter rules for banks that create asset-backed securities, the bundles of loans that helped spark the market collapse in 2008 and the near-meltdown of the financial system.
The securities, which may contain mortgage, credit-card or auto loans, would have to meet the Federal Deposit Insurance Corp.’s requirements so the government wouldn’t seize them if the bank failed.
Denver Post staff and wire reports
