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FDIC Is Broke, Taxpayers At Risk, Says FDIC Chairman

Bloomberg | Jonathan Weil | Posted 05.25.2011 | Business

The FDIC's insurance fund is going broke, and Sheila Bair is wondering aloud about how to replenish it. This means one thing for taxpayers: Watch your...

FDIC Stood Idly As Greeley's New Frontier Bank Took On Bad Assets

Bloomberg | James Sterngold | Posted 05.25.2011 | Denver

Sept. 23 (Bloomberg) -- New Frontier Bank, the largest lender in northern Colorado, had a lot to be proud of in early 2007. Assets had grown by 66 per...

Just How Corrupt are the Bank Regulators?

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

Can we really expect the FDIC to effectively regulate the banks that have loaned them money so that they can do their job?

Obama's Financial Reform Speech Fizzles

Marshall Auerback | Posted 05.25.2011 | Business
Marshall Auerback

For all of the lofty talk about establishing "the most ambitious overhaul of the financial system since the Great Depression," Obama's reforms amount to nothing more than a reshuffling of the deckchairs on the Titanic.

Industrial Loan Companies are Part of the Economic Solution

Bill Himpler | Posted 05.25.2011 | Business
Bill Himpler

Criticisms of Industrial Loan Corporations do not reflect mainstream academic or legal thinking, as ILCs played no role whatsoever in causing or exacerbating the current or previous financial crises.

F.D.I.C. Sells Failed Bank's Troubled Mortgages To Private Investor

New York Times | EDMUND L. ANDREWS | Posted 05.25.2011 | Business

Offering the lure of cheap government-guaranteed financing, the Federal Deposit Insurance Corporation moved on Wednesday to push its efforts to have p...

FDIC Is Accelerating Bank Shutdowns

MSNBC | Ben Steverman | Posted 05.25.2011 | Business

By most measures, the past year has been the worst financial crisis in a lifetime. But not by one significant measure: Bank failures....

Big Four Banks Control 39 Percent Of All Deposits

Reuters | Rolfe Winkler | Posted 05.25.2011 | Business

For the big have gotten even bigger since the start of the financial crisis. At the end of 2007, the Big Four banks -Citigroup, JPMorgan Chase, Bank o...

3 More Banks Fail: 2009 Tally Hits 92 | Ben Rooney | Posted 05.25.2011 | Home

Regulators closed one large bank in Illinois on Friday in one of the biggest collapses of the year, while two other smaller failures pushed the 2009 t...

Once Reliable, Construction Loans Are Weighing Down Banks | FLOYD NORRIS | Posted 05.25.2011 | Business

Reports filed by banks with the Federal Deposit Insurance Corporation indicate that at the end of June about one-sixth of all construction loans were ...

Shahien Nasiripour

FDIC Not Releasing Documents | Shahien Nasiripour | Posted 05.25.2011 | Business

The federal agency charged with resolving failed banks and selling their assets is hiding key details about the transactions. The identities of losin...

Sheila Bair Goes on the Attack, Again

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

Wouldn't you have wanted to be at Treasury on Tuesday when Geithner read FDIC head Sheila Bair's Times op-ed, in which she continues to wage war against the Treasury's plan for a super-regulator?

If TARP Was So Smart, Why Are So Many Banks Failing?

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

Things aren't going so well outside the pale of banks too big to fail. The FDIC faces losses of $21 billion from the 84 banks that have gone under so far this year -- more than in all of last year.

FDIC's Chief Sheila Bair: The Case Against A Super-Regulator | SHEILA C. BAIR | Posted 05.25.2011 | Business

The Obama administration has proposed sweeping changes to our financial regulatory system. I am an active supporter of the key pillars of reform, incl...

Shahien Nasiripour

Percent Of Money-Losing Banks Set An All-Time High In Second Quarter | Shahien Nasiripour | Posted 05.25.2011 | Business

The percent of banks that lost money last quarter set an all-time high, according to the Federal Deposit Insurance Corporation. More than 28 percent ...

"Loss-Share": FDIC Offers Billions In Guarantees For Buyers Of Failed Banks

Posted 05.25.2011 | Business

As the Wall Street Journal reports this morning, in what are called a "loss-share" agreements, buyers of failed banks are getting billions of dollars ...

1,000 Banks Could Fail In Next Two Years: John Kanas (VIDEO)

Posted 05.25.2011 | Business

Up to 1,000 banks could fail in the next two years, private equity chief John Kanas told CNBC in a recent appearance. Kanas' high-powered private equi...

Shahien Nasiripour

Bank Numbers Reveal Troubling Trend On Main Street | Shahien Nasiripour | Posted 05.25.2011 | Business

More than one in four U.S. banks are unprofitable, a number fueled by rising numbers of bad loans, the FDIC announced Thursday. The percent of banks ...

FDIC Softens Its Proposed Rules For Buying Banks

The Huffington Post Investigative Fund | Ben Protess | Posted 05.25.2011 | Business

As expected, the board of the Federal Deposit Insurance Corp. has approved controversial rules that will govern how risk-taking private equity firms c...

Cash-Strapped FDIC Turns To Private Equity Firms To Buy Struggling Banks | ERIC DASH | Posted 05.25.2011 | Business

Faced with a growing wave of bank failures, the Federal Deposit Insurance Corporation is taking extraordinary steps to attract buyers for troubled ins...

Big Banks Still hold FDIC Captive

Posted 05.25.2011 | Business

The FDIC, which was created to protect society from deposit runs, is no longer able to fulfill its mission because the biggest banks have grown far be...

Lack Of Repayment Is The Reason Behind Most Failing Banks | FLOYD NORRIS | Posted 05.25.2011 | Business

As the number of banks closed by the Federal Deposit Insurance Corporation has grown rapidly this year, it has become clear that most of them had noth...

Is The FDIC Is Broke: Recent Bank Failures Tax Reserves | By Gjohnsit | Posted 05.25.2011 | Business

When Colonial Bank failed on Friday, the 77th bank to fail this year, very few people noted that it was the largest bank failure of 2009. Even fewer p...

Banking on Failure: FDIC Shutting Down Insolvent Banks at a Record Pace

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

It is preposterous to conclude that the U.S. banking sector is well capitalized and strong enough to endure a severe economic recession.

Banking: Transfer Toxic Assets to a New RTC

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

These banks are not able to resume normal lending operations because they are not willing to dispose of their toxic assets at the current market values.