It could be on its way from the Federal Deposit Insurance Corp â the body responsible for insuring US bank deposits. Avid readers of FT Alphaville will know that FDIC, headed by Sheila Blair, took over its 100th failed bank this week. The plethora of bank failures since the start of the financial crisis means the organisation now has control of billions of failed bank assets. What to do with them all? Apparently, securitisation is an option. From Structured Finance News: The Federal Deposit Insurance Corporation (FDIC) has seen a growing volume of assets acquired from failed banks in its role as receiver of these institutions. Michael Krimminger, special advisor for policy, office of chairman at FDIC and speaking at Information Management Networkâs 15th annual ABS East conference in Miami said that FDIC has acquired more that [sic] 100 failed banks and it is likely that they may seek to do a securitization And thatâs the article in its entirety â so far. What sort of securitisation might the FDIC be thinking of? Your guess is as good as ours, but the alphabet soup that could emerge â FDIC CDO/ABS/CLO etc. â doesnât exactly fill us with confidence. http://ftalphaville.ft.com/blog/2009/10/27/79856/the-mother-of-all-bank-securitisations/ Oh yeah ! Just do it !