Upon bankruptcy court approval of a $1.8 million loan, Greek Peak Mountain Resort will become one of the first recipients of bankruptcy financing from the FDIC to keep it alive during its restructuring, the Wall Street Journal reported today. The FDIC will also keep the loan under its control for at least the length of the Greek Peak's chapter 11 case after the agency inherited the resort's debt when its lender Tennessee Commerce Bank failed and the FDIC took the bank, and the resort's debt, into receivership
