Category: FDIC
By Larry Doyle on Jun 25, 2009 in Banking Institutions, Ben Bernanke, Economy, FDIC, Sense on Cents (Larry Doyle blog) | 10 Comments
Do the ends ever justify the means? Does being well-intended preclude one from committing a criminal act? If our legislative bodies do not possess the heart and courage to ask these difficult questions, can we assume they are implicitly approving them? Oh, what a tangled web trillions of dollars in financial losses will weave.
The intrigue [...]
By Uppity Woman on May 4, 2009 in Bank Failure, Banks, FDIC | 5 Comments
***Update*** This post was originally published on February 26. However, due to numerous searches for keywords “Failed Banks” and “Bank ratings” which lead searchers to this blog, I feel a sense of responsibility to update and republish it with additional bank closings added to the list. As you can see, there have been quite [...]
By Larry Doyle on Apr 8, 2009 in Bank Bailouts, FDIC | 4 Comments
Why is it urban school dropout rates are 50%? Well, I am sure there would be as many reasons for that horrendous statistic as there are dropouts. The fact of the matter is, though, the state of urban education has promoted a phenomena known as “social promotion.” If students aren’t qualified to do the work, [...]
By Larry Doyle on Mar 27, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Economy, FDIC, Mortgage Crisis, Real Estate, Sense on Cents (Larry Doyle blog), Tim Geithner, Wall Street | 12 Comments
The other day, I provided a cursory overview of the details embedded in the recently proposed Public-Private Investment Partnership, Will Banks Truly Sell these Toxic Assets?
The main point I tried to highlight in that piece was the need for true price discovery for these toxic assets. A loyal reader provided tremendous insight in highlighting that [...]
By SusanUnPC on Mar 16, 2009 in American Consumers, Banking Institutions, Economic Stimulus, Economy, FDIC, Obama Administration, Obama's Priorities, President Barack Obama | 13 Comments
Chris Wallace’s Fox News Sunday panel talks after the show about Obama’s budget — and how the Obama administration is HUNTING FOR $$$$ to pay for their Nancy Pelosi-style plans. Me? I want us to focus on first things first: First we get out of big-time trouble economically, we unfreeze credit so [...]
By Larry Doyle on Mar 10, 2009 in American Consumers, Banking Institutions, Barack Obama, Economy, FDIC, Home Loan, Housing & Housing Crisis, Mortgages, Real Estate, Sense on Cents (Larry Doyle blog), Wall Street | 7 Comments
Editor’s Note: Stay tuned for a new story on Sheila Bair tomorrow morning.
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I thoroughly respect Sheila Bair. Our Head of the FDIC has been an honest broker each and every time I have heard her speak. I looked [...]
By Larry Doyle on Feb 27, 2009 in Banking Institutions, Economy, FDIC | 18 Comments
The FDIC just released its 4th quarter 2008 report. Read it and weep . . .
1. FDIC had a $26bln loss in the 4th quarter and now has only $18bln in reserves. (Little doubt that FDIC premiums — insurance premiums that banks must pay — will be increasing to rebuild reserves. All costs ultimately [...]
By Larry Doyle on Jan 23, 2009 in American Consumers, Banking Institutions, Current Affairs, Economic Stimulus, Economy, FDIC | 83 Comments
We had a few readers ask about the prospects and meaning of nationalizing parts of our banking system. For those who have already seen this Q/A, I beg your indulgence as I try to spread the importance of this topic to a wider audience. Also, to our friends MBC and his close cousin MPC, [...]
By SusanUnPC on Sep 25, 2008 in Barack Obama, Current Affairs, Economy, FDIC, Housing & Housing Crisis, John McCain, MSM, Republicans | 233 Comments
Via Memeorandum, and from Newsbusters.org’s Mark Finkelstein:
So much for a "stunt."
John McCain got involved in the bailout negotiations after Treasury Secretary Henry Paulson told Sen. Lindsey Graham yesterday that the bailout plan would fail unless McCain came in and brought balky Republicans aboard. That’s what Bob Schieffer reported on this morning’s Early Show. [...]
By Larry Johnson on Sep 25, 2008 in Chuck Schumer, Current Affairs, Democrats, Economy, FDIC, Franklin Raines, Hank Paulson, Home Loan, Housing & Housing Crisis | 179 Comments
I am sitting in Europe watching Barney Frank, Charles Schummer, and Chris Dodd, among others, parade across the screen offering to lead the charge to solve the Wall Street mess. With the effort to assign blame for the meltdown in the mortgage market led by the collapse of Freddie Mac and Fannie Mae well [...]
By NancyA on Sep 19, 2008 in Barack Obama, Clinton, Current Affairs, Democratic Nomination, Democratic Party, Democrats, Economy, Employment, FDIC, Harry Reid, Hillary Clinton, Housing & Housing Crisis, John McCain, McCain/Palin 2008, National Infrastructure Investment Bank, Obama, Presidential Candidates, Qualifications, Republicans, US Senate, Unemployment | 233 Comments
SusanUnPC’s Note: Even my hardcore Republican relatives fervently wish that Hillary were running against McCain because they know that she could address this crisis while they have no faith — none — that Obama will know what to do or make the right choices. Additionally, Ricki Liebermann’s daily newsletter quotes our friend Alegre at [...]
By Uppity Woman on Apr 4, 2008 in Bamboozling, Barack Obama, Current Affairs, FDIC, Penny Pritzker | 76 Comments
In a previous post, I referred to Barack Obama’s interesting relationship with Wall street, Bankers and Sub-Prime lenders. I also mentioned Barack Obama’s Finance Chairperson, Penny Pritzker. We all know that Barack Obama hangs out with some interesting people and Penny Pritzker is no exception. I thought you might like to know more about Penny [...]
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By Sarah Palin (Release date: November 17. 2009)
