Arguing that bank regulators played a crucial role in creating the conditions for financial crisis, a Senate panel Friday blasted officials for lax oversight, infighting and inaction before the largest bank failure in U.S. history.
The Wall Street crowd that packed into the ballroom of the fancy Times Square hotel didn't know what was about to hit it.
WASHINGTON — A top government banking regulator wants Senate Democrats to let banks keep most of their business in complex – and profitable – securities known as derivatives.
Regulators on Friday shut down three banks in Puerto Rico, bringing the number of U.S. bank failures this year to 60.
Regulators on Friday shut down seven banks in Illinois, putting the number of U.S. bank failures this year at 57.
Regulators shut down five banks Friday - three in Florida, and one each in Massachusetts and Michigan - putting the number of U.S. bank failures this year at 47.
Facing withering attacks for failing to prevent the largest U.S. bank failure ever, a former regulator is defending his actions and pushing back against charges that he was too cozy with bank management.
The Federal Deposit Insurance Corp. has sold $490.7 million in troubled mortgage loans from 19 banks that failed between August 2008 and March 2009 as it works through an inventory of assets from the institutions it has taken over.
Mounting losses from commercial real estate loans will continue to be a problem for the U.S. and especially smaller banks, but it can be managed, Treasury Secretary Timothy Geithner said Monday.
The head of the Federal Deposit Insurance Corp. pitched again Monday for a new agency for consumer financial protection, now a key sticking point in Senate talks in legislation to overhaul the finance system.
U.S. "problem" lenders climbed to the most in 17 years, and the Federal Deposit Insurance Corp. fund protecting customers against bank failures extended its deficit into a second quarter, the agency said.
Sheila Bair has shown time and again the Fed, Congress, and Wall Street were fully aware of, and worked to ensure the scam they concocted was kept in place all the way through last weeks reconfirmation. And they will continue to work at making sure this scam stays in place.
Several people have asked me about an article published by the Huffington Post Investigative Fund (HPIF) alleging wrong doing by FDIC Chairman Sheila Bair with respect to a mortgage she obtained from Bank of America.
he grimmest news of the new year has to be the fact that Fed chairman Ben Bernanke still has no clue about the causes of our financial crisis or what measures need to be undertaken to avoid another crisis.
The head of the U.S. Federal Deposit Insurance Corp. said on Sunday that she wanted to end the "too big to fail" doctrine and shrink the shadow banking system that operates outside the reach of regulators.
No Economic Recovery in Sight: More Financial Chaos Ahead By Bob Chapman, The International Forecaster (reposted on DProgram.net)
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.
Two U.S. federal regulators who sounded early warnings on the financial crisis and a Liberian peace activist who helped end that nation's civil war were honored for their efforts Monday at the John F. Kennedy Library in Boston.
The head of the Federal Deposit Insurance Corp. said Thursday that the government's strategy in the financial crisis of bailing out huge institutions deemed "too big to fail" must be replaced by a new model.
Where is the bailout for the American people?
...we asked Simon Johnson, a professor at MIT's Sloan School of Management, a Senior Fellow at the Peterson Institute for International Economics, and co-founder of Baseline Scenario, if there were any reasons, any at all, to feel hopeful. Here's what he wrote.
For want of a refi the payment was lost. For want of a payment the mortgage was lost. For want of a mortgage the house was lost. From too many lost houses the market was lost. For want of a housing market the financial sector was lost.
ROBERT SCHEER: Reject the old-boy network whose sexism, stupidity and greed helped drive our current financial crisis. How about Sheila Bair for Treasury Secretary?
In a highly unusual move, the chairman of the Federal Deposit Insurance Corporation has gone public with a proposed mortgage foreclosure rescue plan that conflicts with the position taken by the U.S. Treasury Department and the White House.
Does John McCain really think Meg Whitman would make a good treasury secretary, or was he just trying to win over a few Hillary voters when he was asked a question on this topic during Tuesday's debate? I suspect the latter.