FDIC Actions In Credit Turmoil
Market interventions by the FDIC under the leadership of Sheila Bair:
Proposed increasing federal insurance of bank deposits beyond the current limit of $100,000 per account.
Seized Washington Mutual in the largest bank failure in U.S. history, then sold the company to J.P. Morgan Chase.
Created a program to modify thousands of mortgage loans held by IndyMac Bancorp, which the government seized in July.