Fdic

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FDIC's Bair Pressures Citi: Get Your House In Order

New York Times | ERIC DASH | Posted 07.11.2009 | Business

Read More: Vikram Pandit, Fdic, Citigroup, Sheila C. Bair, FDIC Pressures Citi, Citi Bailout, Citi Pandit, Sheila Bair, Business News

Tough words from Washington arrived by phone on Tuesday at Citigroup headquarters in New York. On the line was Sheila C. Bair, the head of the Fede...

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A Republican to Save Us

Robert Scheer | Posted 07.10.2009 | Business

Read More: Tarp, Corruption, Law, Geithner, Fdic, Bush, Money, Clinton, Economy, Scheer, Obama, Government, Politics, Bailout, Citibank, Rubin, Sheila Bair, Business News

You probably don't know much about Sheila Bair, but she is looking out for you, and that is why the big guys on Wall Street and their allies in the Obama administration are out to get her.

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Is JPMorgan a Bank or a Government-Funded Casino?

Raymond J. Learsy | Posted 07.10.2009 | Business

Read More: Fdic, Cnbc, JP Morgan, World, TARP Money, Heatingoil, Oil, Tanker Operator, Vlcc, Banks, Financial Crisis, Malta, Energy, Politics, Foreclosure News, Business News

There is nothing wrong with a world-class bank helping in the financing of trade. But when the bank itself becomes the principal, the next financial crisis is not far around the corner.

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Bank Of Lincolnwood Shut By Federal Regulators, 37th FDIC Bank To Fail This Year

AP | MARCY GORDON | Posted 07.07.2009 | Chicago

Read More: Bank of Lincolnwood, Bank Failures, Illinois Bank Failures, Fdic, Banking Crisis, Republic Bank of Chicago, Chicago News

WASHINGTON — Regulators on Friday shut down Bank of Lincolnwood, a small bank in Illinois, marking the 37th failure this year of a federally ins...

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FDIC Pushes Citigroup To Change Management: WSJ

AP | Posted 07.06.2009 | Business

Read More: Fdic, Citigroup CEO Vikram Pandit, Vikram Pandit, Citigroup, Federal Deposit Insurance Corp, Citigroup Board, Richard Parsons, Business News

NEW YORK — The Federal Deposit Insurance Corp. is reportedly pressing for a management shake-up at embattled bank Citigroup Inc., putting CEO Vi...

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Obama Near Proposal To Revamp Financial Regulations

nytimes.com | STEPHEN LABATON | Posted 07.02.2009 | Business

Read More: Fdic, Treasury Department, Securities Exchange Commission, Sec, Financial Crisis, Federal Reserve, Financial Rules, Obama Administration, Financial Regulation, Business News

WASHINGTON -- The Obama administration will soon propose a comprehensive plan to expand the authority of the government to seize large troubled compan...

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Bad Bank Loans Hit Record High

nytimes.com | FLOYD NORRIS | Posted 06.29.2009 | Business

Read More: Fdic, Bank Loans, Federal Deposit Insurance Corp, Banking Regulation, Banking Crisis, Bank Bailout, Business News

Overall loan quality at American banks is the worst in at least a quarter century, and the quality of loans is deteriorating at the fastest pace ever,...

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How To Live On $0 A Day: Where To Put Your Remaining Assets

Lesley Stern | Posted 06.29.2009 | Comedy

Read More: Fdic, Bank Failures, Bank Fees, Piggy-Banks, Humor, Budget, Prada, Economy, Economic Crisis, Guns, Financial Advice, Mattress, Investing, Investment Advice, Insurance, Financial Meltdown, Banks, Financial Crisis, Booze, Comedy, Tarp, Stress Tests, Credit Crisis, Credit Cards, Bailout, Fees, Business, Living, Stock Market, Wall Street, Comedy News

Many banks won't accept deposits of less than $100. Those that do tend to get a little uppity when presented with a deposit in 20 lbs. of rolled pennies.

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Regulatory Reform Leaks Begin

Robert Teitelman | Posted 06.28.2009 | Business

Read More: Regulatory Capture, Politics, Bank Regulation, Fdic, Robert-Teitelman, Obama Policies, Regulatory Reform, Obama Administration, Business News

Will an all-powerful Fed retain its traditional autonomy, or will it take orders from Treasury, the White House and Congress?

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Plan To Rid Banks Of Bad Loans Breaks Down

Wall Street Journal | Posted 06.27.2009 | Business

Read More: Fdic, Bad Loans, Bank Loans, Business News

A government program designed to rid banks of bad loans, part of a broader effort once viewed as central to tackling the financial crisis, is stalling...

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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

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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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

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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