The FDIC has called requested submissions as to how the Legacy Loan Program should be run.
You can find the request here.
Given that we are publicly minded people with some expertise you can find our submission here.
It should later be posted to the FDIC website. At least it will if the FDIC keeps its promises.
The concerns I detail are the same as outlined on this blog - particularly conflict of interest, the appropriate degree of leverage and the continuance of Sheila Bair in her current position.
Read only if you are into boring government documnents.
I do however have lots of opinionated readers. Give them good submissions. It can't hurt.