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Fdic

FDIC: U.S. 'Problem' Banks Rise to 305

bloomberg.com | Margaret Chadbourn and Alison Vekshin | Posted 06.27.2009 | Business

Read More: Fdic, 305 Problem Banks, Bailout, Community Banks, Federal Deposit Insurance Corp, Small Banks, Financial Crisis, Banking Crisis, FDIC Chairman Sheila Bair, Problem Banks, Business News

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...

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Banks Earned $7.6 Billion In First Quarter Profits

AP | MARCY GORDON | Posted 06.27.2009 | Business

Read More: Investment Banks, Fdic, Morgan Stanley, Wells Fargo, Federal Deposit Insurance Corp, Bank of America, Banks, Banking Crisis, Sheila Bair, FDIC Chairman Sheila Bair, Gmac, Citigroup, Business News

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...

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Banks Lobby To Be Both Buyers and Sellers In Troubled Asset Program

wsj.com | DAVID ENRICH, LIZ RAPPAPORT and JENNY STRASBURG | Posted 06.27.2009 | Business

Read More: Investment Banks, Goldman Sachs, Fdic, Bank Lobby, Private Public Investment Program, Wells Fargo, Ppip, Banking Regulation, Bank of America, Banking Crisis, Citigroup, American Bankers Association, Business News

Some banks are prodding the government to let them use public money to help buy troubled assets from the banks themselves. Banking trade groups are...

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Zombie Banks Still Walk Among Us: CNN

CNN | David Ellis | Posted 06.25.2009 | Business

Read More: Fdic, Bank Bailouts, Economy, Financial Crisis, Zombie Banks, Wall Street, Tim Geithner, Business News

Small banks facing severe loan losses and in need of capital continue to operate, indicating a reluctance on behalf of regulators to shut them down....

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BankUnited Seized By Regulators

AP | Posted 06.21.2009 | Business

Read More: Bankunited Fsb, Banks, Florida, Fdic, Bank United, Coral Gables-Florida, Seattle-Washington, Business News

WASHINGTON — Regulators on Thursday shut down BankUnited FSB, a struggling Florida thrift whose closure is expected to cost the Federal Deposit ...

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Regulators Close BankUnited FSB

AP | Posted 06.21.2009 | Business

Read More: Bankunited Fsb, Fdic, Federal Deposit Insurance Corporation, Bankunited, Coral Gables-Florida, Business News

WASHINGTON — Regulators on Thursday shut down BankUnited FSB, a struggling Florida thrift whose closure is expected to cost the Federal Deposit ...

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Bair: Some Bank CEOs Will Be Fired

Huffington Post | Ryan McCarthy | Posted 06.15.2009 | Business

Read More: Fdic, Banking Crisis, Sheila Bair, Bank CEOs, Stress Test Results, Business News

Who will be the next CEO to get the ax? In an interview with Bloomberg television to be aired this weekend, FDIC chairman Sheila Bair says that some b...

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Jeff Walser, FDIC Economist, Charged With Attempted Bank Robbery

AP | Posted 06.14.2009 | Business

Read More: FDIC Economist, Fdic, Walser Bank Robbery, Jeff Walser, Business News

KANSAS CITY, Mo. — An economist on leave from the federal agency that insures bank deposits has been charged with the April 11 attempted robbery...

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Banks In Georgia, NJ, Utah Shut By Regulators

AP | MARCY GORDON | Posted 06.01.2009 | Business

Read More: Fdic, Banks Closed, Banks, Banks Shut, Silverton Bank, Business News

WASHINGTON — Regulators shut down Silverton Bank in Georgia on Friday and set up a temporary government-controlled bank until a buyer can be fou...

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FDIC May Lend To Investors, Without GIving Taxpayers A Stake

Bloomberg | Rebecca Christie | Posted 05.31.2009 | Business

Read More: Fdic, Toxic Assets, Federal Deposit Insurance Corp., Business News

April 30 (Bloomberg) -- The Federal Deposit Insurance Corp. may offer investors financing to buy distressed U.S. bank assets without requiring them to...

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By the Numbers

Max Fraad Wolff | Posted 05.15.2009 | Business

Read More: Fdic, Debt, Foreign Debt, Treasury, Tarp, House Financial Services Subcommittee on Consumer Credit, Social Choice, Mortgage Debt, Federal Reserve, Business News
Max Fraad Wolff

We don't have limitless time or money. Consider the numbers. Remember that averages hide our inequalities. Inequality and imbalance are the true root causes of the US and global meltdown.

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Sam Stein

FDIC: Toxic Asset Program Misrepresented By NYT

HuffingtonPost.com | Sam Stein | Posted 05.14.2009 | Politics

Read More: Sorkin New York Times, Andrew Ross Sorkin, Fdic Letter to the Editor, The Federal Deposit Insurance Corporation, Fdic, Politics News

The Federal Deposit Insurance Corporation is pushing back against criticism that the administration's toxic asset relief program would put it on the h...

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2 more banks fail, lifting this year's tally to 23

AP | MADLEN READ | Posted 05.11.2009 | Business

Read More: Fdic, Banks, Cape Fear Bank Fails, Bank Failures 2009, Bank Failures, Cape Fear Bank, Business News

NEW YORK — Federal regulators shut down two more banks Friday, raising the number of bank failures so far this year to 23. The first bank was C...

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How the Toxic Asset Plan Will Magically Make Your Money Disappear

Cenk Uygur | Posted 05.09.2009 | Business

Read More: Treasury Department, Robbery, Private Investors, Fdic, Barack Obama, Tim Geithner, Toxic Asset Plan, Business News
Cenk Uygur

The toxic asset plan will pick your pocket to pay off some of the richest people in America. If you think that makes sense, then you deserve to have your pocket picked.

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Magic Johnson and the Tax Refund Rip-off

Don McNay | Posted 05.08.2009 | Business

Read More: Magic Johnson, Michigan State, NCAA Tournament, MC Hammer, 2009 Ncaa Tournament, Larry-Bird, Irs, Instant Gratification, Ed McMahon, Louisville, Kentucky, Lexington KY, Personal Finance, Interest Rates, H&R Block, Payday Lending, Dream Team, Michigan State Spartans, Fdic, Earned Income Tax Credit, California Attorney General, Internal Revenue Service, Dick Durbin, Michigan State University, Eitc, Ncaa, Don McNay, Payday Loans, Credit Cards, Republic Bank, IRS Tax Refunds Delayed, Los Angeles, College Basketball, Working Poor, HIV/AIDS, College Basketball Tournament, Los Angeles Lakers, Jackson Hewitt, Tax Refunds, San Francisco Chronicle, Banking, Tax-Anticipation-Loans, Nba, Business News
Don McNay

Because of Johnson, the tax refund business might stick around, luring in more millions of Americans.

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FDIC Insurance Commitments 34% Higher Than Reported

optionarmageddon.ml-implode.com | Rolfe Winkler | Posted 05.08.2009 | Business

Read More: Insurance Commitments FDIC, Fdic, FDIC Insurance Commitments, FDIC Insurance Commitment 34%, Business News

My thoughts came back to this recently when I looked at FDIC's 12/31/08 balance sheet. Note at the bottom of that link the estimate for total insured...

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FDIC Adopts Risk Of Toxic Asset Program, Puts Taxpayer In The Hotseat: NYT

nytimes.com | ANDREW ROSS SORKIN | Posted 05.08.2009 | Business

Read More: Fdic, Sheila Bair FDIC, FDIC Toxic Assets, FDIC Sheila Bair, Toxic Assets FDIC, Toxic Assets, Sheila Bair, FDIC Toxic Asset Program, Business News

The Federal Deposit Insurance Corporation was set up 76 years ago with the important but simple job of insuring bank deposits. Now, because of what...

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Yelling From the Back Step

B. Jeffrey Madoff | Posted 04.30.2009 | Business

Read More: Savings and Loan Industry, Merrill Lynch, AIG Bonus, Fdic, Chrysler, Blackwater, Chocolate, Economy, Enron, Toxic Assets, Aig, Aiu, Economic Recovery, Economic Stimulus, Socialism, Edward Liddy, Altria Group, Business News
B. Jeffrey Madoff

"Toxic assets" are two words that don't belong together in the English language. The meaning of one cancels out the meaning of the other.

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Real Money vs. Real Anger

Max Fraad Wolff | Posted 04.26.2009 | Business

Read More: Debt, Treasury Department, Gdp, Unemployment, Fdic, Profit, Aig, Federal Reserve, Banks, Business News
Max Fraad Wolff

An angry public is getting distracted hunting evil doers that really don't matter much in the grander national scheme.

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The US has Over 6,000 Small Banks: The Government Should Use Them

Saskia Sassen | Posted 04.23.2009 | Business

Read More: Fdic, Economy, Small Banks, Business News
Saskia Sassen

Small banks often help small firms and lower income households, partly because they know the local conditions and can gauge the soundness of borrowers in a local context

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Take the Steering Wheel out of Geithner's Hands

Arianna Huffington | Posted 04.23.2009 | Politics

Read More: Timothy Geithner Treasury Secretary, Fdic, Aig Bonuses, Economy, Aig, Bank Bonuses, Recession, Stan Greenberg, Federal Bailouts, Nelson Mandela, Bailout Bandits, Wall Street, Tim Geithner, Geithner Bailout, Financial Crisis, Timothy Geithner, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Politics News
Arianna Huffington

Tim Geithner's actions throughout his career, including his time as Treasury Secretary, are proof that the toxic thinking that got us into this mess is part of his DNA.

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Geithner's Last Stand

Robert Kuttner | Posted 04.22.2009 | Politics

Read More: Timothy Geithner Treasury Secretary, Fdic, Economy, Aig Bonuses, Aig, Bank Bonuses, Recession, Goldman Sachs, Federal Bailouts, JP Morgan, Neel Kashkari, Bailout Bandits, Wall Street, Tim Geithner, Geithner Bailout, Financial Crisis, Timothy Geithner, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Citigroup, Politics News
Robert Kuttner

The indignation over AIG will serve a useful purpose if it focuses public attention on the much larger issue of the failure of the entire approach that Tim Geithner and Larry Summers are using to rescue the banking system.

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Washington Mutual Sues FDIC For Over $13 Billion

Reuters | Posted 04.21.2009 | Business

Read More: Fdic, WaMu Lawsuit, Washington Mutual, Wamu, FDIC Lawsuit, Business News

Washington Mutual Inc, the failed U.S. savings and loan, has sued the Federal Deposit Insurance Corp for well over $13 billion in connection with the ...

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FDIC Bair: Banks Lost $32.1 Billion In Fourth Quarter

AP | MARCY GORDON | Posted 04.20.2009 | Business

Read More: Fourth Quarter Banks, Fdic, FDIC Banks, Fdic Banks Fourth Quarter, FDIC Chairman Sheila Bair, Sheila Bair, Business News

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...

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Stop the Financial Services "Super Czar" (Updated)

Don McNay | Posted 04.20.2009 | Business

Read More: Fiddler on the Roof, Wall Street Bailout, Populism, Hank Paulson, Shelia Bair, Main Street, Regulation, Bailout, Insurance, Obama Average Americans, Washington, Kentucky, Constitution, Wall Street Bonuses, Lexington KY, National-Association-of-Insurance-Commissioners, Personal Finance, State-Insurance-Regulators, Fdic, Financial Services, Systemic-Risk, Aig, Don McNay, Representative-Government, Insurance Companies, FDIC Chairman Sheila Bair, Barack Obama, Wall Street Regulators, Tim Geithner, Deregulation, Car Czar, Banking Crisis, Ben Bernanke, Systemic Risk Regulator, House Financial Services Committee, Bailout Outrage, Business News
Don McNay

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.

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