FDIC

Welcome to the 'FDIC' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'FDIC'.

Latest blogosphere posts tagged “FDIC”

• Substantive factors that will crash the markets:

  
  InvestmentWatch — Authority: 450
  1) Home foreclosures are now at 4 million per year 2) Over 2500 of the 8000 banks in the US are now rated D or F 3) Over 500 banks are already insolvent but have not been closed by the FDIC 4) The PE multiples on stocks have never been higher in the history of the markets 5) Unemployment is now 23% in the US when ...
  6 hours ago

• Wal-Mart Marches On

  
  Bank Lawyer's Blog — Authority: 124
  Last week, the American Banker featured a story by Maria Aspan ( paid subscription required ) that looked at Wal-Marts business of providing consumer financial services to its customers, two years after it finally gave up its quest to get the FDIC to move forward (as the law required it to do) on its application ...
  10 hours ago

• A Complete Guide to the Loan Modification Process – Part 1 of 3

  
  nikkypals.com — Authority: 158
  www.helpUmodify.org is a not for profit consumer advocacy project helping distressed homeowners avoid the lures of empty promises and predatory tactics of sub-prime modification outfits trying to collect upfront fees for promises of results. This is the first in a 3 part series that explains the loan modification ...
  10 hours ago

• We Must Break Up the Banks

  
  Serious Implications — Authority: 114
  North Dakota Senator Byron Dorgan has it right, as follows: Dorgan said 3 things are needed to fix the financial system: One is to separate investment banks and FDIC-insured banks. Second, prohibit FDIC-insured banks from dealing in risky financial instruments on their own proprietary accounts… And third, ...
  1 day ago

• Fed’s Bill Dudley Explains Bank Runs, Discusses Collateral Risks, Suggests Way To Prevent Systemic Collapse

  
  Bear Market Investments — Authority: 499
  Zero Hedge An impressively comprehensive presentation by Bill Dudley before the Center for Economic Policy Studies Symposium earlier, discusses, and ties in, all the key concepts Zero Hedge has been discussing over the past several months, among these the tri-party repo system, bank runs (what and why), ...
  1 day ago

• Housing and Banking Woes to Continue

  
  Bear Market Investments — Authority: 499
  The FHA is running on empty. The FDIC approves the pre-pay plan to build its Deposit insurance Fund. The Housing and Banking Indices remain a drag on the economy and markets. The US Federal Housing Administration (FHA) will likely join Fannie ( FNM ) and Freddie ( FRE ) as a ward of US tax payers. The FHA’s ...
  1 day ago

• Interest bearing checking accts not FDIC insured

  
  Stupidica — Authority: 166
  **************UNVERIFIED*************** If your bank account pays interest on your checking ("transaction") account, under the NEW TEMPORARY LAWS ("FDIC Transaction Guarantee Program"), the FDIC IS NOT covering your account if your bank fails. This refers to a REGULAR CHECKING ACCOUNT, not a money market account; ...
  1 day ago

• More Poems For Disaster

  
  Pittsburgh Arts - Digging Pitt — Authority: 129
  Another Friday and more bank failures, (some big ones last week too)fortunately, our poet master at Calculated Risk has their juices flowing. Combined losses for just the three banks closed yesterday, may be 1 Billion to the FDIC fund. Remember when that was a lot of money? Suited Bureaucrats Waiting for ...
  2 days ago

• FDIC Friday (the 13th)

  
  Van Santos — Authority: 436
  Welcome to yet another addition of FDIC Friday.  This weekend see the closing of three banks of modest size: Century Bank, Federal Savings Bank, Sarasota, Florida (total assets of $728 million and total deposits of approximately $631 million) Orion Bank, Naples, Florida (total assets of $2.7 billion and total ...
  2 days ago

• Obamanomics in Action

  
  The Lonely Conservative — Authority: 594
  Well, there was more bad economic news today. What a shock. The Wall Street Journal reported that October’s federal budget deficit was a whopping $176.36 Billion. That’s the worst ever October deficit. As a percentage of GDP – 9.9% to be exact – it’s the worst since 1945. The Journal also reported that ...
  2 days ago

• It’s hard to see any corner being turned anytime soon….The failures just keep on coming.

  
  InvestmentWatch — Authority: 450
  Better late than never with the FDIC bank failures story today. The FDIC is getting closer and closer to all of its reserves being wiped out by these bank failures and there are at least 460 more banks that are currently operating in an “unsafe and unsound” condition as they are insolvent. A further group of over ...
  2 days ago

• Bank failure toll reaches 123 (FDIC Friday)

  
  Stupidica — Authority: 166
  Regulators close two Florida banks and on in California, costing the FDIC $986.4 million. NEW YORK (CNNMoney.com) -- Two Florida banks and one in California failed Friday night, bring the 2009 national tally to 123. Regulators closed Century Bank, Federal Savings Bank in Sarasota, Fla., Orion Bank in Naples, Fla., and ...
  2 days ago

• Unofficial Problem Bank List increases to 507

  
  Calculated Risk — Authority: 754
  Note: This was before the three FDIC bank seizures today. This is an unofficial list of Problem Banks. Changes and comments from surferdude808: The Unofficial Problem Bank List changed by a net two institutions this week to 507. Seven institutions with assets of $1.6 billion were added to the list. The ...
  2 days ago

• Feds seize San Clemente bank

  
  The Orange County Register - Tustin — Authority: 826
  Pacific Coast National Bank of San Clemente was closed today by the Office of the Comptroller of the Currency, which put the Federal Deposit Insurance Corp. in charge of the bank.
  2 days ago

• Three more FDIC bank seizures

  
  Credit Writedowns — Authority: 666
  Orion Bank, Naples, Florida As of October 31, 2009, Orion Bank had total assets of $2.7 billion and total deposits of approximately $2.1 billion. The FDIC accepted a 1.5 percent discount from IBERIABANK on the deposits of the failed bank. In addition to assuming all of the deposits of the failed bank, IBERIABANK ...
  2 days ago

• Pacific Coast National Bank, San Clemente, California

  
  Bank-Implode! — Authority: 122
  Pacific Coast National Bank, San Clemente, California , makes it 123 on the year at an estimated hit to the FDIC Deposit Insurance Fund (DIF) of $27.4 million. Pacific Coast National Bank, San Clemente, California, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit ...
  2 days ago

• Bank Failure #123 in 2009: Pacific Coast National Bank, San Clemente, CA

  
  Calculated Risk — Authority: 754
  From the FDIC : Sunwest Bank, Tustin, California, Assumes All of the Deposits of Pacific Coast National Bank, San Clemente, California Pacific Coast National Bank, San Clemente, California, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation ...
  2 days ago

• Bank Failures #121 & 122: Two more in Florida

  
  Calculated Risk — Authority: 754
  Suited Bureaucrats Waiting for critical mass Century flames out What is that white light? Orion Supernovas Hot money burns bright by Soylent Green is People From the FDIC : IBERIABANK, Lafayette, Louisiana, Assumes All of the Deposits of Century Bank, Federal Savings Bank, Sarasota, Florida Century Bank, ...
  2 days ago

• The FDIC just released the final rule on the 3 year special upfront assessment fee that must be paid by December 30, 2009.

  
  InvestmentWatch — Authority: 450
  http://www.fdic.gov/news/news/press/2009/pr09203.html That’s $45B out of the banksters pockets at a time when the large (bad guy) banks cannot afford it. Of course the ruling let’s them “account” for it later….surprise. Do you remember the “Bank Stress Test” that declared all those banks were “well ...
  2 days ago

• Bank Failure Preview

  
  Calculated Risk — Authority: 754
  A couple of banks in trouble ... From Reuters: US credit card issuer Advanta files for bankruptcy (ht jb) The company also said its Advanta Banks capital is below regulatory requirements and that the bank could turned over to a Federal Deposit Insurance Corp receivership . Advanta said it decided not to fund the ...
  2 days ago

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