Fdic

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FDIC's Seizure Of Georgian Bank: Are Banks Flying Blind?

bloomberg.com | Jonathan Weil | Posted 12.01.2009 | Business

Read More: Fdic, Bank Failures, Banks, Bank Balance Sheets, Federal Deposit Insurance Corp, Georgian Bank, Sheila Bair, Business News

How many other seemingly healthy multibillion-dollar community banks are out there waiting to implode? That's impossible to know, which is what's so u...

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FDIC: Bank Failures To Cost Around $100 Billion

AP | MARCY GORDON and DANIEL WAGNER | Posted 11.29.2009 | Business

Read More: Banks, Bank Seized, Fdic, Bank Failures, Banks Seized, Business News

WASHINGTON — A plan that regulators proposed Tuesday to have banks prepay $45 billion in insurance premiums won't provide a long-term fix for th...

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FDIC Expected To Ask Banks For $36B In Prepaid Insurance Fees

AP | By MARCY GORDON | Posted 11.28.2009 | Business

Read More: Federal Deposit Insurance Corp., Fdic, Liquidity, Economy, Liquid, Prepaid Bank Insurance, Recession, Bailout, Insurance, Finance, Failed Banks, Treasury, Banks, Fees, Sheila Bair, Healthy Banks, Business News

WASHINGTON (AP)-- The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to rep...

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Small Bank Bailouts Under Consideration

AP | DANIEL WAGNER | Posted 11.25.2009 | Business

Read More: Treasury Department, Fdic, Bailout, Small Banks, Federal Deposit Insurance Corp, Business News

WASHINGTON — Treasury officials and regulators are weighing a fresh round of bailouts for banks that were deemed too risky to qualify for earlie...

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FDIC Shortfall Symptom of Much Bigger Problem

Marshall Auerback | Posted 11.25.2009 | Business

Read More: Banks, Fdic, Liquidity, Sheila Bair, Business News

Having the FDIC implement higher insurance charges on the banks is wrong on many grounds. For one thing, it's grossly unfair to force well-run banks to pay higher premiums to pay for the sins of Citi, BOA, or Wells Fargo.

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Question for the Fed and G-20: Why Are Our Banks Running Commodity Casinos?

Raymond J. Learsy | Posted 11.25.2009 | Business

Read More: JP Morgan Chase, Fdic, Goldman Sachs, Politics, Citigroup, Morgan Stanley, World, Oil, Federal Reserve, Financial Crisis, Derivatives, G-20, Business News

It is sheer madness, after recent history, to permit banks to become commodity traders, especially with our money. In the old days, commodity traders put their own money on the line.

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FDIC Is Broke, Taxpayers At Risk, Says FDIC Chairman

Bloomberg | Jonathan Weil | Posted 11.24.2009 | Business

Read More: Fdic, FDIC Money, Sheila Bair, FDIC Broke, Business News

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...

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Just How Corrupt are the Bank Regulators?

Garrett Johnson | Posted 11.23.2009 | Business

Read More: Corruption, Bank Regulation, Fdic, Deregulation, Regulatory Reform, Banks, Regulation, Financial Regulation, Office of Information and Regulatory Affairs, Business News

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

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

Bloomberg | James Sterngold | Posted 11.23.2009 | Denver

Read More: Fdic, Banking Crisis, Colorado, Greeley Colorado, New Frontier Bank, Bank Bailout, Financial Crisis, Denver News

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 pe...

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FDIC May Ask Banks For Bailout

AP | DANIEL WAGNER | Posted 11.21.2009 | Business

Read More: Fdic, Sheila C. Bair, Banks, Federal Deposit Insurance Corporation, Reverse Bailout, Treasury, Timothy Geithner, Bailout, Financial Crisis, Business News

WASHINGTON — The Federal Deposit Insurance Corp. is weighing several costly – and never-before-used – options as it struggles to sho...

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Regulators Seize 2 Banks; 94 Failures This Year

AP | STEPHEN BERNARD | Posted 11.18.2009 | Business

Read More: Fdic, Banks, Bank Seizures, Failed Banks, Business News

NEW YORK — Regulators shut down two banking units of Irwin Financial Corp. Friday, marking the 93rd and 94th failures this year of federally ins...

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Industrial Loan Companies are Part of the Economic Solution

Bill Himpler | Posted 11.17.2009 | Business

Read More: Tarp, Fdic, Ilcs, Federal Reserve, Sec, European Union, Industrial Loan Corporations, Cambridge Winter, Recession, Business News

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.

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Obama's Financial Reform Speech Fizzles

Marshall Auerback | Posted 11.17.2009 | Business

Read More: Fdic, Financial Speech, Obama Speech, Elizabeth Warren, Sheila Bair, Cfpa, Fcic, Business News

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.

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

New York Times | EDMUND L. ANDREWS | Posted 11.16.2009 | Business

Read More: Fdic, Toxic Assets, Banks, Toxic Loans, Loans, Business News

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

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FDIC Sells Failed Bank's Toxic Loans To Private Investor

AP | MARCY GORDON | Posted 11.16.2009 | Business

Read More: Public-Private Investment Program, Fdic, Residential Credit Solutions, Federal Deposit Insurance Corp, Ppip, Franklin Bank, Business News

WASHINGTON - The Federal Deposit Insurance Corp. on Wednesday named the first winning bidder under a test of the government's program to back private ...

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FDIC Is Accelerating Bank Shutdowns

MSNBC | Ben Steverman | Posted 11.15.2009 | Business

Read More: Fdic, Bank Failures, Bank Closures, Banks, Business News

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

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Citigroup, Bank Of America, JPMorgan And Wells Fargo Control 39 Percent Of All Deposits

Reuters | Rolfe Winkler | Posted 11.15.2009 | Business

Read More: Big Four Banks, JPMorgan Chase, Fdic, Wells Fargo, Banking Monopoly, Bank of America, Financial Crisis, Banks, Too Big Too Fail, Banking Reform, Citigroup, Business News

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...

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3 More Banks Fail: 2009 Tally Hits 92

CNNMoney.com | Ben Rooney | Posted 11.13.2009 | Home

Read More: Fdic, Finance, How Many Banks Failed in 2009, Banks, Bank Failures, Closed Banks, Recession, Bailout, Corus Bankshares Inc., Economy, Failed Banks in 2009, Home News

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...

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List Of US Banks Closed By Feds Jumps To 89

AP | STEPHEN BERNARD | Posted 10.21.2009 | Home

Read More: First Bank of Kansas City, FDIC<, Banks, Banks Closed, Home News

NEW YORK — The crippled economy and increasing loan defaults have forced financial regulators to close even more banks, including the only branc...

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One In Six Construction Loans Are In Trouble

nytimes.com | FLOYD NORRIS | Posted 10.20.2009 | Business

Read More: Construction Loans, Banks, Commercial Real Estate, Fdic, Troubled Loans, Bank Loans, Business News

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 ...

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Questions Arise As FDIC Fails To Disclose Key Details On Bidders For Failed Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 10.20.2009 | Business

Read More: Fdic, Bidders Failed Banks, FDIC Failed Banks, FDIC Disclosure, Federal Deposition Insurance Corporation, Who Has the Fdic Sold Banks, Potential Bank Failures for 09/04/2009, Failed Bank, Business News

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

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Sheila Bair Goes on the Attack, Again

Robert Teitelman | Posted 10.18.2009 | Business

Read More: Fdic, Super-Regulator, Federal Deposit Insurance Corp., Tim Geithner, Economy, Banking, Ben Bernanke, Sheila Bair, Business News

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?

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

Eric Schurenberg | Posted 10.17.2009 | Business

Read More: Fdic, Tarp, Goldman Sachs, Citigroup, Meredith Whitney, JP Morgan, Hank Paulson, TARP Money, Timothy Geithner, Business News

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.

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Sheila Bair's NYT: FDIC Chief's Case Against A Super-Regulator

nytimes.com | SHEILA C. BAIR | Posted 10.17.2009 | Business

Read More: Bank Regulation, New York Times Op Ed, Banks, Fdic, Sheila Bair, Super-Regulator, Business News

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

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Percent Of Money-Losing Banks Set An All-Time High In Second Quarter

HuffingtonPost.com | Shahien Nasiripour | Posted 10.16.2009 | Business

Read More: Bank Losses, Tarp, Banks FDIC, Fdic, Bank Profits, Financial Crisis, Banks, Bank Bailout, Business News

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 ...

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