Fdic

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

Reese Schonfeld | Posted 10.08.2008 | Business

Read More: Bailout, Economy, Congress, Regulation, Regulators, Insure Bank Deposits, President, Office of Management and Budget, Main Street, Fdic, Savings and Loan, Jimmy Carter, Omb, Insurance, 250, 000, Assets, Banking Scandal, 700 Billion, Business News
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.

Read Post

Little Scrutiny of Rapid Financial Rule Changes

ProPublica | Posted 10.08.2008 | Business

Read More: Fdic, Federal Reserve, Wall Street Crisis, Business, Financial Meltdown, Barney Frank, Business News
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."

Read Post

The Time To Raise The Maximum Federal Deposit Insurance Coverage

Rep. Steve Cohen | Posted 10.02.2008 | Politics

Read More: Government Bailout, Wall Street Crisis, Fdic, Bailout, Bailout Fails, Politics News
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.

Read Post

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

Read More: FDIC Increase, Finance, Senate Vote, Fdic, Wall Street Rescue, Federal Reserve, Anderson Cooper, Wall Street Bailout, Bailout, Middle Class, House Republicans, Middle Class Tax Break, Cnn, Rescue Vote, Wall Street Crisis, David Gergen, Wall Street, Business News, Bailout Vote, Personal Finance, Economy, Media News

Read Whole Story

Senate passes $700B rescue; House votes lured

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

Read More: Bailout Vote, Senate Vote, Rescue Vote, Wall Street, Wall Street Crisis, Wall Street Bailout, Wall Street Rescue, Finance, Personal Finance, Economy, Federal Reserve, Fdic, FDIC Increase, Middle Class Tax Break, Middle Class, Business News

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

Read Whole Story

And the Financial Experts Say...

Anthony Anderson | Posted 09.30.2008 | Business

Read More: Green Living Advice, Solar, Fdic, Permaculture, Fruit Trees, Economy, Sustainability, Banking Crisis, Suze Orman, Green Living, Greenhouses, Business News
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.

Read Post

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

Read More: JP Morgan Chase, Finance, Washington Mutual, Banks, Washington Mutual Collapse, Wamu, WaMu ATMs, Fdic, WaMu Chicago Branches, WaMu Chicago, WaMu Chase, Wall Street Crisis, Washington Mutual Chicago, WaMu Collapse, Personal Finance, Economy, Chicago News

"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...

Read Whole Story

Chase Buys Washington Mutual: Fewer Chicago Branches?

Chicago Tribune | Posted 09.26.2008 | Chicago

Read More: Wamu, WaMu Chicago, WaMu Collapse, WaMu Chase, Washington Mutual, Washington Mutual Collapse, WaMu Chicago Branches, JP Morgan Chase, Finance, Banks, Washington Mutual Chicago, WaMu ATMs, Fdic, Personal Finance, Economy, Chicago News

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...

Read Whole Story

WaMu becomes biggest bank to fail in US history

AP | MADLEN READ | Posted 09.26.2008 | Business

Read More: Economy, Finance, Banks, Washington Mutual, Personal Finance, Fdic, Washington Mutual Collapse, WaMu Collapse, Wamu, Washington Mutual Mortgages, WaMu Chase, JP Morgan Chase, Business News

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...

Read Whole Story

FDIC May Need $150 Billion As More Banks Fail

Bloomberg | David Evans | Posted 09.25.2008 | Business

Read More: Fdic, Banks, Bank Failures, FDIC Banks, Federal Deposit Insurance Corp, Business News

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...

Read Whole Story

The Law of Unintended and Unanticipated Consequences

Neil Grossman | Posted 09.25.2008 | Business

Read More: Bush Administration, Fdic, Hank Paulson, Federal Government, Pbgc, Private Financial Sector, Warren Buffett, Henry Paulson, Law of Unanticipated Consequences, Ben Bernanke, Social Security Medicare Medicaid, Law of Unintended Consequences, Economy, Business, Business News
Neil Grossman

We are facing the gravest economic crisis in generations.

Read Post

Wall Street Crisis: How Safe Are Chicago Community Banks?

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

Read More: Chicago Community Banks, Wall Street Crisis Chicago, Fdic, Wall Street Crisis, Chicago Banks, Economy, Chicago News

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...

Read Whole Story

Federal bank insurance fund dwindling

AP | MARCY GORDON | Posted 09.17.2008 | Business

Read More: Fdic, Washington Mutual, FDIC Funds, Banks, Banking Crisis, Bank Funds, Bank Insurance, Business News

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

Read Whole Story

Feds Finally Seize Failed Bank That McCain's Son Ran

Mark Nickolas | Posted 09.08.2008 | Politics

Read More: Silver State Bank, John McCain, Fdic, Mccain, Charles Keating, Banking, Banking Crisis, Andrew McCain, John McCain Keating 5 Scandal, Keating Five, Politics News
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.

Read Post

Silver State Bank In Nevada Fails

AP | MARCY GORDON | Posted 09.06.2008 | Business

Read More: Silver State Bank, Bank Failure, Fdic, Business News

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

Read Whole Story

Take Back Your Money

Jon Raymond | Posted 09.01.2008 | Business

Read More: Economy, Freddie Mac, Fdic, Money, Revolution, Bank Run, Indymac, Fannie Mae, Banks, Bear Stearns, Feds, Bank Runs, Saving Money, Business News
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...

Read Post

The Financial Sector Continues to Deteriorate

Hale "Bonddad" Stewart | Posted 08.27.2008 | Business

Read More: Economy, Fdic, Treasury Department, Recession, Treasury, Business News
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.

Read Post

FDIC May Borrow Money From Treasury For Expected Bank Failures

Reuters | Posted 08.27.2008 | Business

Read More: Bank Failure, Fdic, Economy, Housing Crisis, Business News

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...

Read Whole Story

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

Mark Nickolas | Posted 08.15.2008 | Politics

Read More: Silver State Bank, Banks, Banking Crisis, John McCain, Fdic, Andrew McCain, Wall Street Journal, Keating Five, Politics News
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.

Read Post

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

Mark Nickolas | Posted 08.06.2008 | Politics

Read More: John McCain, Banking Crisis, Fdic, Andrew McCain, Silver State Bank, John McCain Keating 5 Scandal, Keating Five, Cindy McCain, Politics News
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...

Read Post

Feds Seize Two More Banks

AP | AMANDA LEE MYERS | Posted 07.26.2008 | Business

Read More: First National Bank of Nevada, First Heritage Bank, Bank Failure, Fdic, Bank Fails, Business News

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

Read Whole Story

Homeowners Get Help in DC, But Not From Government

Matthew Palevsky | Posted 07.24.2008 | Politics

Read More: Freddie Mac, Fdic, Neighborhood Assistance Corporation of America, Paulson, Matthew Palevsky, Housing Crisis, Homeowners, The Real News, Fannie May, Mortgage Crisis, Politics News
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.

Read Post

How The Government Became A Predatory Lender

Wall Street Journal | Mark Maremont | Posted 07.21.2008 | Business

Read More: Fdic, Predatory Lending, FDIC Predatory Lending, Federal Deposit Insurance Corp, Superior Bank FSB, Banking Crisis, Lending Crisis, Failed Bank, Bank Bailout, Mortgage Crisis, Business News

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...

Read Whole Story

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

Huffington Post | Posted 07.16.2008 | Business

Read More: Fdic, Banks, Banking Crisis, Ben Bernanke, Lending Crisis, Bank Runs, Wachovia, Mortgage Crisis, Business News

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...

Read Whole Story

FDIC chair: Deposits in nation's banks are safe

AP | Posted 07.15.2008 | Business

Read More: Weak Dollar, Fdic, FDIC Chair, US Banks, Sheila Bair, Weak Economy, Banking Crisis, Economy, Business News

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

Read Whole Story