Sources close to the issue say Obama could announce outlines of a financial rescue plan soon. The FDIC is the federal regulator that handles banks that fail, so it is seen as the most logical agency to run such an operation. The number of American workers getting unemployment benefits has hit an all time high according to the Labor Department’s latest numbers. The Labor Department reports that the number of workers continuing to claim unemployment insurance for the week ending January 17 was a seasonally adjusted 4.78 million.”]
Source: https://www.cuinfosecurity.com/bad-bank-plan-gains-momentum-a-1182