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Lunchtime Links 11-5
blogs.reuters.com - 29 days ago
Lunchtime Links 11-5
—
Fight over blog comments hits NH high court (NHPR, ht AK) Aaron Krowne is fighting the good fight for bloggers everywhere. FHA delays release of financial audit (ElBoghdady, WaPo) The dog ate my homework… Wells Fargo defers reckoning on troubled mortgage balances (Eckblad, DJ) ...
fdic.gov - 10/31/2009
U.S. Bank, NA, of Minneapolis, Minnesota, Assumes All of the Deposits of Nine Failed Banks in ...
— fdic.gov — U.S. Bank, NA, of Minneapolis, Minnesota, Assumes All of the Deposits of Nine Failed Banks in Arizona,... California, Illinois and Texas The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with U.S. Bank, NA, ... (more) U.S. Bank, NA, of Minneapolis, Minnesota, Assumes All ...

Comments vote down Calculated Risk found this 10/31/2009found this
fdic.gov - 21 days ago
Press Releases - PR-206-2009 11/13/2009
— fdic.gov — IBERIABANK, Lafayette, Louisiana, Assumes All of the Deposits of Orion Bank, Naples, Florida En Español Orion Bank,... Naples, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance ... (more) Press Releases - PR-206-2009 11/13/2009

Comments vote down Calculated Risk found this 21 days agofound this
fdic.gov - 28 days ago
Ameris Bank, Moultrie, Georgia, Assumes All of the Deposits of United Security Bank, Sparta, Georgia
— fdic.gov — Ameris Bank, Moultrie, Georgia, Assumes All of the Deposits of United Security Bank, Sparta, Georgia United Security... Bank, Sparta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit ... (more) Ameris Bank, Moultrie, Georgia, Assumes All of the ...

Comments vote down Calculated Risk found this 28 days agofound this

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FT Alphaville:  The riskless FDIC guarantee

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The riskless FDIC guarantee
FT Alphaville — Q: What’s not a government bond or cash but has a zero-per cent risk capital weighting? A: A bond sold as part of the Federal Deposit Insurance Corp.’s Temporary Liquidity Guarantee Program. (A big hat tip to Reuters columnist Rolfe Winkler for spotting the below). A new question and answer was recently added to FDIC’s ...

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As of Friday August 14, 2009, FDIC is Officially Bankrupt
globaleconomicanalysis.blogspot.com 8/15/2009 — Bank Failure Friday is in full swing. Tonight there were 5 more failures, numbers 73 through 77 on the year. In the biggest failure since WaMu, BB&T Takes Over Colonial . Colonial BancGroup Inc., the Alabama lender facing a criminal probe, had its ...
Why Does Bloomberg Keep Getting the FDIC Story WRONG?
ritholtz.com 9/29/2009 — Barry emailed me this AM to ask about the commentary last week by Jonathan Weil of Bloomberg News regarding the FDIC: FDIC Is Broke, Taxpayers at Risk, Bair Muses: Jonathan Weil http://www.bloomberg.com/apps/news?pid=20601039&sid=aEKc7Yh8ogXw ...
Systemic risk and deposit insurance premiums
VoxEU.org 9/4/2009 — Viral Acharya , 4 September 2009 Financial institutions enjoy a large number of government guarantees. This column says that we ought to be charging banks for such subsidies and doing so in a way that promotes financial stability. It uses the example ...
For FDIC, a long tunnel and little light
blogs.reuters.com 8/28/2009 — There's good news and bad news in the FDIC's quarterly profile of the banking sector. The good news is that it has ample resources to handle the problem banks on its radar. The bad news is that the too-big-to-fail banks aren't on it.
Why a Broke FDIC Matters
minyanville.com 9/30/2009 — The FDIC has been forced to borrow from tomorrow to pay for today. Suze Orman wouldn't be proud. Created during the Great Depression the FDIC is the agency that provides insurance for up to $250 000 of your bank deposits. When your bank says ...
FDIC Bank Failure Update
calculatedriskblog.com 10/24/2009 — The FDIC closed seven more banks on Friday, and that brings the total FDIC bank failures to 106 in 2009. The following graph shows bank failures by week in 2009. Click on graph for larger image in new window. Note: Week 1 on graph ends Jan 9th. ...
BofA, Wells Fargo, JPM, Citigroup FDIC Fees May Top $10 Billion
globaleconomicanalysis.blogspot.com 9/30/2009 — The FDIC is struggling mightily to stay solvent. Given that there are bank failures every Friday, it's no easy feat for the FDIC to stay ahead of the game. Please consider Bank of America, Major Banks’ FDIC Premiums May Top $10 Billion . The Federal ...
FDIC Dissembling Again
market-ticker.denninger.net 8/28/2009 — The Litany of Lies has once again appeared from a government agency: "While challenges remain, evidence is building that the U.S. economy is starting to grow again," said FDIC Chairman Sheila Bair. Bullshit. The economy ...
Is The FDIC Broke And Covering It Up?
market-ticker.denninger.net 8/3/2009 — I have to wonder. First, we have Corus , which reported a negative Tier 1 Ratio. That is, they are formally "in the hole" in terms of assets .vs. liabilities. This is never supposed to happen - but it did, "Prompt Corrective Action" be ...
Bloomberg: FDIC Failed to Limit CRE Loans
calculatedriskblog.com 10/20/2009 — Bloomberg reviewed 23 recent Inspector General reports of bank failures and concluded that the FDIC "failed to enforce its own guidelines to rein in excessive commercial real estate lending" (CRE). From Bloomberg: FDIC Failed to Limit Commercial ...
Failed financial firms: The bust that worked — The Economist: Full print edition 30 days ago
CIT’s bankruptcy fuels the debate about resolving financial failures CIT might just be that rarest of things: a financial-services firm that emerges from bankruptcy largely intact. The small-business lender filed for Chapter 11 protection on ...