FDIC

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Latest blogosphere posts tagged “FDIC”

  • OCC Preemption Lives To Fight Another Day


    Bank Lawyer's BlogAuthority Authority: 123
    According to Stacy Kaper, reporting in todays American Banker ( paid subscription required ), Barney Frank worked out a compromise late yesterday with moderate Democrats that appears to roll back the attempt by more liberal Democrats to restrict the OCCs power to preempt state law. Under Franks original bill, "the ...
    7 hours ago
  • FDIC Survey Proves Payday Loan Customers Are Intelligent


    Blogger News NetworkAuthority Authority: 634
    In 2007, the FDIC set up an ill-conceived program for 30 banks to offer short-term loans of up to $1,000, at a maximum APR of 36%. They thought this “Affordable and Responsible Consumer Credit” program would prove that lenders could make a profit under these conditions while still serving the consumer’s ...
    13 hours ago
  • FDIC To Limit CD Rates At Failing Banks


    CD (Certificate of Deposit) Rates, Money Market Rates, High Interest Savings AccountsAuthority Authority: 127
    The federal government has found a new way to punish savers — limit the interest rates troubled banks can pay for deposits.It’s no secret that failing banks often offer the best CD rates in a desperate effort to raise money.But that leaves the Federal Deposit Insurance Corp. holding the bag for all of those new, ...
    13 hours ago
  • One in four U.S. households out of bank system


    Newsvine - Killfile's Column - Articles and SeedsAuthority Authority: 485
    The Federal Deposit Insurance Corp, the agency charged with protecting U.S. bank deposits, said 25.6 percent of households are "unbanked" or "underbanked." It said those households are largely either low-income or minority, or both.
    22 hours ago
  • FDIC Wants Banks to Make More Loans to their Business Customers


    The Daily Reckoning AustraliaAuthority Authority: 559
    The credit crunch continues, with businesses large and small finding that their bankers remain exceedingly stingy in the wake of the 2008 financial debacle. "We need to see banks making more loans to their business customers," Federal Deposit Insurance Corporation (FDIC) Chairwoman, Sheila Bair, told reporters ...
    1 day ago
  • FDIC Weighs Loan Principal Cuts to Fight Foreclosure


    Livinglies's WeblogAuthority Authority: 428
    Sheila Bair has finally let the trial balloon out of the bag. Just watch what Wall Street does to position Bair as ome kind of kook. In truth, she ought to be running the financial part of this recovery. There will be no recovery without principal reduction. This will never be over without a sharing of the losses ...
    1 day ago
  • 7.7 Percent Of U.S. Households Don’t Have A Bank Account


    Boom2Bust.comAuthority Authority: 540
    Are Americans going back to those good old days of stuffing money in mattresses? From CNN Money’s David Ellis last week: New York State is known as the nation’s financial capital, yet nearly one in 10 of its residents do not have a checking or savings account. And while Texas is densely populated with banks, ...
    1 day ago
  • The Credit Crunch Continues


    The Daily ReckoningAuthority Authority: 620
    The credit crunch continues, with businesses large and small finding that their bankers remain exceedingly stingy in the wake of the 2008 financial debacle. “We need to see banks making more loans to their business customers,” Federal Deposit Insurance Corporation (FDIC) Chairwoman, Sheila Bair, told reporters ...
    1 day ago
  • U.S. Banks Have $12 Trillion In Assets; Spain Joins Dubai, Greece


    BASIL & SPICE--FINANCIAL WELL BEINGAuthority Authority: 126
    John M. Mason-- Spain has just had its debt outlook lowered by Standard and Poor’s. In January, Spain’s debt rating was lowered from AAA to AA+. Now, Spain’s debt outlook has been reduced from “stable” to “negative.” The outlook: Spain is now expected to experience a “more pronounced and persistent ...
    1 day ago
  • PAUL VOLCKERS THE MAN (and Reagan Blew It)


    THE MARK MARTINEZ SHOW: Talk Radio for Liberals and Real ConservativesAuthority Authority: 127
    In 1987 the Federal Reserve Board voted 3-2 to allow commercial banks to underwrite (invest in or accept some of the risk for) a limited amount of financial instruments like municipal bonds and mortgage backed securities. Underwriting bonds and securities had been a problem before the Great Depression because banks ...
    1 day ago
  • Extension Of TARP Now Official: TARP Maturity To Suspiciously Coincide With Mid-Term Elections


    zero hedgeAuthority Authority: 750
    Treasury Department Releases Text of Letter from Secretary Geithner to Hill Leadership on Administration’s Exit Strategy for TARP WASHINGTON – The U.S. Department of the Treasury released thetext of identical letters sent today from Secretary Tim Geithner toSpeaker Nancy Pelosi and Senator Harry Reid ...
    1 day ago
  • New underground economy


    StupidicaAuthority Authority: 177
    The underground or "black" economy is rapidly rising, and the fault is mainly due to government policies. Here is the evidence. The Federal Deposit Insurance Corp. (FDIC) released a report last week concluding that 7.7 percent of U.S. households, containing at least 17 million adults, are unbanked (i.e. those who do ...
    1 day ago
  • PT1 ALERT STOP FORECLOSURE REALITY RADIO


    Foreclosure NewsAuthority Authority: 129
    Join us as we walk the audience through the process of fighting for your home from foreclosure. Host Shane Richardson Special Guest Christine Springer MA Want to know if your home is apart of MERS? https://www.mers-servicerid.org/sis/search Christine Springer is a paralegal and the founder of Desert Edge Legal ...
    2 days ago
  • Dusitng Off An Old (But Good) Idea


    Bank Lawyer's BlogAuthority Authority: 123
    This is a good idea that I hope gains traction. There is speculation in the banking industry that the Federal Deposit Insurance Corporation could start holding more two-for-one sales, so to speak, for failing banks....[S]ome deals to come in Georgia might involve the bundling of a relativelydesirable bank with ...
    2 days ago
  • Financial Oversight: We’re Still Waiting, Mr. President


    Truthdig: Drilling Beneath the HeadlinesAuthority Authority: 725
    By Stanley Kutler We have a “regulation czar,” but no new regulations. It seems we can expect little from those with a track record of enabling bad policies. READ THE WHOLE ITEM Related Entries December 8, 2009 ‘The Great Global Security Underwriter’ Will Pay a High Price December 8, 2009 ...
    2 days ago
  • Bank Failures-Am Trust Hit with 5 Others


    TRADE GUILDAuthority Authority: 126
    I have been warning the second shoe was about to drop and the dollar carry trade will be behind many bank failures. AMTRUST was the most recent to fail along with 5 others Friday-As I mentioned-watch for the dollar to rise and banks to fail. This will probably go down quickly, but it has been a part of my $USD studies ...
    2 days ago
  • The Role of the Office of the Comptroller of the Currency


    Personal Money StoreAuthority Authority: 550
    Introducing the OCC Readers of financial reports are certain to encounter references to the Office of the Comptroller of the Currency. While not every organization with such an imposing-sounding name has a correspondingly important function to perform, this allegation cannot be made about the OCC. This agency is ...
    2 days ago
  • Politics and bank regulation don’t mix


    Fuck BankersAuthority Authority: 171
    The Federal Deposit Insurance Corp tried to seize and sell Cleveland thrift AmTrust last January but local politicians intervened. In the end, the bank still went bust 11 months later – a delay that may have increased losses to the U.S. regulator’s funds. As Congress debates banking reform, AmTrust provides a ...
    2 days ago
  • Politics and bank regulation don’t mix


    Rolfe WinklerAuthority Authority: 655
    The Federal Deposit Insurance Corp tried to seize and sell Cleveland thrift AmTrust last January but local politicians intervened. In the end, the bank still went bust 11 months later – a delay that may have increased losses to the U.S. regulator’s funds. As Congress debates banking reform, AmTrust provides a ...
    2 days ago
  • Politics and bank regulation don’t mix


    Gulag BlogAuthority Authority: 171
    The Federal Deposit Insurance Corp tried to seize and sell Cleveland thrift AmTrust last January but local politicians intervened. In the end, the bank still went bust 11 months later – a delay that may have increased losses to the U.S. regulator’s funds. As Congress debates banking reform, AmTrust provides a ...
    2 days ago

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