Ex-FDIC's Seidman dies

Bill Seidman, the chairman of the Federal Deposit Insurance Corporation (FDIC) who presided over the savings and loan crisis, has died.

Seidman, who was 88, passed away on Wednesday. He was chairman of the FDIC, which runs the United States's deposit insurance scheme, from 1985 until 1991, during which time several hundred savings and loans corporations collapsed. He also became the first chairman of the Resolution Trust Corporation, the federal body tasked with minimising the losses from the

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