09.13.16 Press

Michael Mandiberg: FDIC Insured in Hyperallergic’s Art Rx NYC

“ArtRx NYC”

By Jillian Steinhauer on September 13, 2016

This week is all about books, as Printed Matter’s beloved art book fair touches down in Long Island City, while a new satellite fair pops up in nearby Greenpoint. Plus, don’t miss the celebration of a pioneering performance series and the first retrospective for maintenance artist Mierle Laderman Ukeles.

The FDIC’s Failed Banks

When: Opens Thursday, September 15, 6–8pm
Where: Art-in-Buildings Financial District Project Space (40 Rector Street, Financial District, Manhattan)

Michael Mandiberg, “FDIC Insured (First Priority, Bradenton FL, August 1, 2008)” (2009–10), laser-cut found book (via dennygallery.com)

Eight years ago this week, Lehman Brothers filed for bankruptcy with $613 billion debt — the largest filing of its kind in US history. On Thursday, artist Michael Mandiberg will commemorate (for lack of a better word) that moment by opening FDIC Insured, an exhibition featuring the logos of 527 banks that have failed in Lehman’s wake. The logos are inscribed on the covers of found investment guidebooks, which will be displayed around an empty office space in the financial district — a fitting location for pondering the precarity of our fiscal past and future.

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