WASHINGTON -- The Federal Deposit Insurance Corp. said Wednesday that it learned some lessons from the Nov. 19 failure of Pacific Thrift and Loan Co., the $118 million-asset Woodland Hills., Calif., industrial loan company that is expected to cost the insurance fund at least $52 million.

In a report analyzing what went wrong at Pacific Thrift, David H. Loewenstein, the FDIC's assistant inspector general, recommended that the agency make plans to bar the residual assets of subprime securitizations from being counted toward Tier 1 capital.

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