L. William Seidman, a past chairman of the Federal Deposit Insurance Corp., has been named senior advisor to SecondMarket, New York, and plans to help the company with expansion plans into such areas as mortgage-backed securities. --> "Bill's experience and expertise will prove critical as SecondMarket expands to fill the market void left by the shift of government funds away from purchasing illiquid assets under the Troubled Asset Relief Program," said SecondMarket CEO Barry E. Silbert. During his long career Mr. Seidman served as an economic advisor to Presidents Reagan and Ford, and ran the Resolution Trust Corp., the S&L bailout agency.
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