|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By Deanne Stillman
$9.66
By John W. Dean
$15.00
$23
|
|
|
|
peasap (CC BY 2.0)
|
By Ellen Brown, Web of Debt —
The new rules for keeping the too-big-to-fail banks alive allow for the use of creditor funds, including uninsured deposits, to recapitalize failing banks. In the event of another crisis, access to your money would depend on the security of the FDIC. The question, then, is how reliable is the FDIC?
Posted on Apr 30, 2013
READ MORE 
|
mahalie (CC BY-SA 2.0)
|
By Ellen Brown, Web of Debt —
With taxpayer bailouts no longer an option, a major derivatives crisis could transfer money currently held by state and local governments and citizens—secured and unsecured, insured and uninsured—into the hands of derivative claimants.
Posted on Apr 10, 2013
READ MORE
|
eflon (CC BY 2.0)
|
By Ellen Brown, Web of Debt —
Confiscating customer deposits in Cyprus banks was not a one-off, desperate idea of a few eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation and the Bank of England, dated Dec. 10, 2012, shows these plans have been long in the making.
Posted on Mar 28, 2013
READ MORE
|
AP/Michael Dwyer
|
By Alexander Reed Kelly — At a Senate hearing Thursday, Elizabeth Warren exposed and shamed regulators for failing to prosecute banks that played a leading role in the financial crisis.
Posted on Feb 16, 2013
READ MORE
|
Fortune Live Media (CC BY-ND 2.0)
|
Few voices in the regulatory community called for the expulsion of derelict executives and the means to force banks to lend bailout money to the public amid the 2008 financial crisis. Former FDIC Chairman Sheila Bair was among them.
Posted on Oct 13, 2012
READ MORE
|
|
The presidential campaign got a jolt this week with an uplifting jobs report and a big debate win for Mitt Romney. The falling unemployment numbers released Friday have skeptics wondering whether unemployment could have dropped 0.3 percentage points last month, just in time for President Obama’s campaign to tout it. The “Left, Right & Center” panelists dissect the implications of these matters and more on this week’s program.
Posted on Oct 5, 2012
READ MORE 
|
enersauce (CC-BY)
|
The FDIC has reached a deal with three of the executives who presided over Washington Mutual’s collapse. The $64.7 million settlement amounts to substantially less than the chief executive alone was paid in the years before his bank set a record for failure.
|
|
Want to see how the FDIC works with banks to help them turn a nifty profit on short sales and foreclosures? Check out this video from the folks at Think Big, Work Small in which they detail how it happens.
|
AP / Evan Vucci
|
By Robert Scheer — They do have a license to steal. There is no other way to read Tuesday’s report from the New York state comptroller that bonuses for Wall Street financiers rose 17 percent to $20.3 billion in 2009. Of course that is less than the $32.9 billion for bonus rewards back in 2007, when those hotshots could still pretend that they were running sound businesses.
|
White House / Pete Souza
|
By Stanley Kutler — We have a “regulation czar,” but no new regulations. It seems we can expect little from those with a track record of enabling bad policies.
|
AP photo / J. David Ake
|
By Robert Scheer — 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.
|
AP photo / Harry Hamburg
|
There has been much hand-wringing, not to mention finger-pointing, regarding who knew what, and when, about the financial calamities that have recently come to pass. However, Brooksley Born and Sheila Bair won’t be counted among the willfully or accidentally ignorant: They’ve been named this year’s winners of the JFK Profile in Courage Award for sounding the alarm far ahead of time.
|
wamu.com
|
JPMorgan Chase added to its failed financial behemoth collection by gobbling up the deposits of Washington Mutual, which set a record for the biggest U.S. bank failure Thursday. According to the FDIC and Chase, bank customers have nothing to worry about.
|
|
The FDIC’s list of “problem” banks grew by 30 percent in the last quarter, with more on the way. The net income of FDIC-insured lenders, meanwhile, has plummeted 87 percent. IndyMac, one of nine banks to kick the bucket in 2008, cost the FDIC $8.9 billion.
|
View the most popular tags overall?
|
|
Marching in Chicago: Resisting Rahm Emanuel’s Neoliberal Savagery
Newsletter 
Like Us
Follow Us
Get Our Feed
