You can sign up right now, if you’re interested, to purchase the assets of troubled banks.
OK, it’s not that easy, but the Federal Deposit Insurance Corp. is trying to get more participation on its list of bidders of troubled banks by allowing investors without a bank charter to play.
The FDIC’s call for bidders follows a move by the Office of the Comptroller of the Currency, the regulator of nationally chartered banks, to develop an “off the shelf” bank charter, for similar purposes.
Looks like the regulators are gearing up for more bank failures.