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Shahien Nasiripour

Treasury Getting More Comfortable With Principal Write-Downs -- Sort Of

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Is the Treasury Department finally going to help homeowners who owe more than their homes are worth get out from underwater? Maybe, maybe not. At a ...

Colorado Banks Lost Money At Greater Rate Than rest Of Nation In 2009

The Denver Post | Posted 05.25.2011 | Denver

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FDIC Closes Four Banks: Bank Of Illionois, Sun American, Waterfield, Centennial Bank

AP | IEVA M. AUGSTUMS and MARCY GORDON | Posted 05.25.2011 | Business

CHARLOTTE, N.C. — Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in th...

La-La Land Gets Feisty

Dennis Santiago | Posted 05.25.2011 | Los Angeles
Dennis Santiago

L.A. City Councilman Richard Alarcon is hopping mad about the way his city and his people are being treated by the banking and finance industry and he's building a template for how to respond to it.

FDIC: Bank Lending Tumbles 7.5 Percent In 2009

washingtonpost.com | Binyamin Appelbaum | Posted 05.25.2011 | Business

Lending by the banking industry fell by $587 billion, or 7.5 percent, in 2009, the largest annual decline since the 1940s, the Federal Deposit Insuran...

FDIC Shuts Down Four Banks: 20 Banks Closed In 2010

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year followin...

Fed Chooses to Exit Through Eye of Needle

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

The Fed's balance sheet has increased to $2.25 trillion from $925 billion at the start of 2008 and excess reserves in the banking system now total more than $1 trillion.

Santa Cruz, CA May Move Its Money

Santa Cruz News | Jessica Lussenhop | Posted 05.25.2011 | Business

Armed with the old It's A Wonderful Life parable on local banking, MYM has caught the attention of state government officials in New Mexico and Oregon...

Jackson To Giannoulias: Drop Out Of The Race

Posted 05.25.2011 | Chicago

Following the announcement that federal regulators have stepped in to monitor executives at Alexi Giannoulias' family bank, fellow Senate candidate an...

Giannoulias' Broadway Bank Problem: Regulators Step In

Crain's Chicago Business | Posted 05.25.2011 | Chicago

Broadway Bank, the troubled Chicago lender owned by the family of Illinois Treasurer and U.S. Senate candidate Alexi Giannoulias, has entered into a c...

Bankers and Their Lies: Are We Really That Stupid?

Martin Luz | Posted 05.25.2011 | Business
Martin Luz

The central pillar of this narrative is the idea that the recession was no one's fault. These things just happen. No one was "personally" responsible.

Moving Big Money

Dennis Santiago | Posted 05.25.2011 | Business
Dennis Santiago

New Mexico is one of the first states to recognize that there might be a payoff to bringing its operating accounts back inside its borders, where its "big money" can more closely support intra-state needs.

Show Bernanke and Geithner the Door

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

What has the financial crisis taught us? Among other things, we should show Bernanke and Geithner, enablers from the previous administration, the door.

Geithner's Treasury May Help Banks Avoid Obama's Proposed Limits

New York Times | LOUISE STORY and ERIC DASH | Posted 05.25.2011 | Business

Only a year after the government stepped in to aid Goldman Sachs and Morgan Stanley by granting them access to the federal safety net, policy makers a...

Goldman Sachs Under Investigation For Its Role In Subprime Mortgage Meltdown

McClatchy | Greg Gordon | Posted 05.25.2011 | Business

WASHINGTON -- One of Congress' premier watchdog panels is investigating Goldman Sachs' role in the subprime mortgage meltdown, including how the firm...

FDIC Chief Got Bank Of America Loans While Working On Its Rescue

Huffington Post Investigative Fund | Keith Epstein and David Heath | Posted 05.25.2011 | Business

Sheila Bair, one of the chief regulators overseeing Bank of America's federal rescue, took out two mortgages worth more than $1 million from the banki...

Proposals for the Banking System

Warren Mosler | Posted 05.25.2011 | Business
Warren Mosler

Now that the President is looking at banking reform, here are a number of proposals for the banks, the FDIC, Federal Reserve, and Treasury.

Obama To Propose New Limits On Banks, Revive 'Spirit Of Glass Steagall'

Wall Street Journal | DAMIAN PALETTA and JONATHAN WEISMAN | Posted 05.25.2011 | Business

WASHINGTON -- President Barack Obama on Thursday is expected to propose new limits on the size and risk taken by the country's biggest banks, marking ...

Our Banks Becoming Casinos and Washington Yawns

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Why is a bank such as JP Morgan, supported by myriad government programs, permitted to gamble with money in the commodities arena?

'Freefall' Excerpt: It's Not Too Late To Turn Around The Biggest Banking Blunder In History

The Huffington Post | Joseph E. Stiglitz | Posted 05.25.2011 | Books

Reprinted from Freefall by Joseph Stiglitz. Copyright (c) 2010 by Joseph E. Stiglitz. Used with permission of the publisher, W.W. Norton & Company, In...

Shahien Nasiripour

At Last, One Government Agency Considers Cutting Mortgage Principal For Distressed Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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...

Small Banks Continue to Fail, Approaching 100 This Year

nytimes.com | ERIC DASH | Posted 05.25.2011 | Business

A year after Washington rescued the banks considered too big to fail, the ones deemed too small to save are approaching a grim milestone: the 100th ba...

Media Downplays News About 'Troubled' Banks, According To Columbia Journalism Review

Columbia Journalism Review | Ryan Chittum | Posted 05.25.2011 | Media

The major business press underplays news from the FDIC that its troubled-banks list soared to more than 550 in the third quarter. The FDIC now conside...

Why Sen. Dodd's Opposition to the Federal Reserve is Ill-Conceived

Georges Ugeux | Posted 05.25.2011 | Politics
Georges Ugeux

Had Senate Banking Committee's Chairman Chris Dodd's proposal been effective before the crisis, where would we be today?

Help Us Investigate Bank Failures

Huffington Post Investigative Fund | Adam Clark Estes | Posted 05.25.2011 | Home

Did your bank fail? Has that had an impact on you - whether in interest rates or something else? Do you work for a faltering or collapsed bank? Pro...