At Last, One Government Agency Considers Cutting Mortgage Principal For Distressed Homeowners
FDIC Chairman Sheila Bair indicated Thursday that she is exploring the idea of reducing the principal on as much as $45 billion in mortgages her agenc...
FDIC Chairman Sheila Bair indicated Thursday that she is exploring the idea of reducing the principal on as much as $45 billion in mortgages her agenc...
wsj.com | SIMMI AUJLA and SARA LIN | Posted 07.27.2009 | Business
The property slump is hitting home for Sheila Bair, chairman of the Federal Deposit Insurance Corp. -- one of the few regulators who saw trouble in th...
bloomberg.com | Margaret Chadbourn and Alison Vekshin | Posted 06.27.2009 | Business
May 27 (Bloomberg) -- U.S. "problem" banks climbed 21 percent to the highest total in 15 years in the first quarter, and provisions set aside for loan...
AP | MARCY GORDON | Posted 06.27.2009 | Business
WASHINGTON — The nation's banks turned a profit in the first quarter, but the number of problem banks jumped to the highest level in 15 years an...
Robert Kuttner | Posted 06.17.2009 | Business
The JFK Presidential Library gives a Profile in Courage Award to public officials who took a stand that took a lot of integrity and nerve.
AP | MARCY GORDON | Posted 04.20.2009 | Business
WASHINGTON — Federal regulators now say the nation's banks lost $32.1 billion in the final quarter of last year, even worse than the $26.2 billi...
Don McNay | Posted 04.20.2009 | Business
There has been talk about appointing a new "Systemic Risk Regulator." This "Super Czar" would oversee all of the financial services industry. We had a "Super Czar" last year. His name was Henry Paulson.
Michael Pento | Posted 04.16.2009 | Business
We all should be painfully aware by now that there is nothing held inside the Social Security and Medicare trust funds but a bunch of IOUs. But the FDIC's Deposit Insurance Fund as well?
Huffington Post | Posted 04.09.2009 | Business
Television news magazine 60 Minutes went behind-the-scenes to show viewers what happens when a bank fails. 60 Minutes correspondent Scott Pelley fol...
Bloomberg | Alison Vekshin | Posted 04.04.2009 | Business
March 4 (Bloomberg) -- Federal Deposit Insurance Corp. Chairman Sheila Bair said the deposit insurance fund could dry up amid a surge in bank failures...
Wall Street Journal | Posted 02.07.2009 | Politics
The Obama administration intends to keep Federal Deposit Insurance Corp. Chairman Sheila Bair in her post, Democrat officials said Wednesday. Ms. Bai...
William Fisher | Posted 01.08.2009 | Politics
According to the Mortgage Bankers Association, some 1.2 million homes were in foreclosure during the second quarter of 2008, and that number is expected to increase.
Robert Reed | Posted 01.05.2009 | Chicago
Some infighting is considered good sport, even in the Obama era. But pushing out Federal Deposit Insurance Corp. Chairman Sheila Bair is not a wise, nor politically astute, decision.
Wall Street Journal | Posted 12.04.2008 | Business
WASHINGTON -- Disagreements over how to structure a federal foreclosure-prevention program are complicating and potentially delaying what is likely to...
HuffingtonPost.com | Shahien Nasiripour | Posted 12.04.2009 | Business