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posted by jamesykwak vote down flag
baselinescenario.com - 5/20/2009
Consumer Protection When All Else Fails (Written Testimony)
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I took three points away from yesterday’s hearing in the House of Representatives. We need layers of protection against financial excess. Think about the financial system as a nuclear power plant, in which you need independent, redundant back-up systems - so if one ...
FDIC Bank Failures: By the Numbers
calculatedriskblog.com - 5/23/2009
FDIC Bank Failures: By the Numbers
— calculatedriskblog.com — Three banks were closed by the FDIC this week, for a total of 36 banks so far in 2009. The largest was BankUnited in Florida with $12.8 billion in assets. To put those failures into perspective, here are three graphs: the first shows the number of ... (more) FDIC Bank Failures: By the Numbers

Comments vote down Lawrance G. Lux found this 5/23/2009found this
business.theatlantic.com - 5/22/2009
The Backdoor Bailout for Banks and the FDIC
— business.theatlantic.com — This morning, news hit that Florida's BankUnited has failed and will cost the Federal Deposit Insurance Corp ("FDIC") $4.9 billion -- the most of any failure so far this year. It likely won't be the last. But don't worry: the... (more) The Backdoor Bailout for Banks and the FDIC

Comments vote down Abnormal Returns found this 5/22/2009found this
baselinescenario.com - 5/19/2009
Insolvency And Consumer Protection (House Testimony Today)
— baselinescenario.com — Congressman Brad Miller has some interesting ideas about how to respond to the financial crisis; not exactly on the same page as Treasury. He’s called a hearing for this morning to talk about, in the first instance, how to assess insolvency in the banking system – and what to do ... (more) Insolvency And Consumer Protection (House Testimony Today)
Comments vote down jamesykwak jamesykwak posted 5/19/2009posted this
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