Fdic

The Banking Scandal: Repeating the Same Mistakes and Expecting Different Results

Reese Schonfeld | Posted 10.08.2008 | Business


Reese Schonfeld

The President and Congress have finally allowed us to allocate $700 billion to a policy, about whose success they are, at least reasonably, doubtful. They should enact new regulations.

Little Scrutiny of Rapid Financial Rule Changes

ProPublica | Posted 10.08.2008 | Business


ProPublica

The Wall Street Journal notes that the new rules have something else in common: The "details are almost always hashed out behind closed doors."

The Time To Raise The Maximum Federal Deposit Insurance Coverage

Rep. Steve Cohen | Posted 10.02.2008 | Politics


Rep. Steve Cohen

This proposal will not only give consumers more protection in this uncertain environment, but it could help garner more votes from my colleagues.

I'd Post About David Gergen Calling The House Bailout Vote "Shockingly Irresponsible," But It's Probably Not A Good Idea To Offend Anyone Right Now

Huffington Post | Rachel Sklar | Posted 10.01.2008 | Media


Senate passes $700B rescue; House votes lured

AP | JULIE HIRSCHFELD DAVIS and CHARLES BABINGTON | Posted 10.01.2008 | Business


WASHINGTON — After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage ...

And the Financial Experts Say...

Anthony Anderson | Posted 09.30.2008 | Business


Anthony Anderson

If we act soon, we can invest intelligently in a lifestyle independent from gas prices, food prices, and interest rates. We can take back our money from this culture that is consuming the planet.

Eighty Percent Of Washington Mutual Chicago Branches Could Close: Report

Crain's Chicago Business | Ann R. Weiler, Alby Gallun and Lorene Yue | Posted 09.26.2008 | Chicago


"J. P. Morgan Chase & Co. is likely to shut down all but 15% to 20% of Washington Mutual Inc.'s Chicago-area branches, according to the real estate br...

Chase Buys Washington Mutual: Fewer Chicago Branches?

Chicago Tribune | Posted 09.26.2008 | Chicago


The shotgun acquisition of Washington Mutual by JPMorgan Chase & Co. to prevent the former's collapse could mean the consolidation of a number of bank...

WaMu becomes biggest bank to fail in US history

AP | MADLEN READ | Posted 09.26.2008 | Business


NEW YORK — As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks _ Washington Mutual Inc. _ h...

FDIC May Need $150 Billion As More Banks Fail

Bloomberg | David Evans | Posted 09.25.2008 | Business


Deborah Horn tugs on the handle of the glass-paned entrance of the IndyMac Bancorp Inc. branch in Manhattan Beach, California. The door won't budge. T...

The Law of Unintended and Unanticipated Consequences

Neil Grossman | Posted 09.25.2008 | Business


Neil Grossman

We are facing the gravest economic crisis in generations.

Wall Street Crisis: How Safe Are Chicago Community Banks?

Chicago Sun-Times | David Roeder | Posted 09.22.2008 | Chicago


The big sign on your neighborhood bank might tell the time and temperature. But it won't tell you how your bank is weathering the credit crisis. It's...

Federal bank insurance fund dwindling

AP | MARCY GORDON | Posted 09.17.2008 | Business


WASHINGTON — Banks are not the only ones struggling in the growing financial crisis. The fund established to insure their deposits is also feeli...

Feds Finally Seize Failed Bank That McCain's Son Ran

Mark Nickolas | Posted 09.08.2008 | Politics


Mark Nickolas

Sadly, America is in the thick of the biggest national financial crisis since the savings and loan meltdown of the 1980s and McCain was at the epicenter of the 11th bank failure this year.

Silver State Bank In Nevada Fails

AP | MARCY GORDON | Posted 09.06.2008 | Business


WASHINGTON — Regulators on Friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commer...

Take Back Your Money

Jon Raymond | Posted 09.01.2008 | Business


Jon Raymond

Want to know how to take back this country, or start a revolution? The answer is as obvious as the nose on your face. Banks. Take your money out of t...

The Financial Sector Continues to Deteriorate

Hale "Bonddad" Stewart | Posted 08.27.2008 | Business


Hale

We can expect the FDIC's list of problem banks to grow, which will force the FDIC to ask the Treasury for more money. The Treasury will be writing an awful lot of checks in the coming quarters.

FDIC May Borrow Money From Treasury For Expected Bank Failures

Reuters | Posted 08.27.2008 | Business


Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the...

National Media Finally Examining McCain's Son Role In Failing Bank

Mark Nickolas | Posted 08.15.2008 | Politics


Mark Nickolas

Silver State, yesterday, further revised its dismal second quarter results, during which time Andrew McCain served on the board and on its audit committee, to include another $10 million in losses.

FDIC Poised To Seize Failing Bank Where McCain's Son Served As Director and Audit Committee Member?

Mark Nickolas | Posted 08.06.2008 | Politics


Mark Nickolas

A quick update on the still unreported saga of Silver State Bancorp, the failing bank where John McCain's (R) son Andrew served as a director and memb...

Feds Seize Two More Banks

AP | AMANDA LEE MYERS | Posted 07.26.2008 | Business


PHOENIX — Customers of two banks closed by federal regulators were assured that every penny of their money was protected, preventing lines of an...

Homeowners Get Help in DC, But Not From Government

Matthew Palevsky | Posted 07.24.2008 | Politics


Matthew Palevsky

2008-07-24-forclosure.jpg This week thousands of homeowners lined sixtieth street, 3 blocks from the White House, waiting for help to lower their mortgage rates.

How The Government Became A Predatory Lender

Wall Street Journal | Mark Maremont | Posted 07.21.2008 | Business


Federal officials heap much of the blame for the subprime mortgage mess on lenders, claiming they recklessly made too many high-cost home loans to bor...

Stemming A Banking Crisis: Regulators, Managers And Banks Try To Calm Nation

Huffington Post | Posted 07.16.2008 | Business


How could this not have been the next link in the chain? The mortgage crisis that became a credit crisis appears to now be a banking crisis, and inv...

FDIC chair: Deposits in nation's banks are safe

AP | Posted 07.15.2008 | Business


WASHINGTON — The nation's banking system is "absolutely safe" and Americans' insured deposits in banks protected, the head of the Federal Deposi...