The Confiscation Scheme Planned for U.S. and U.K. Depositors

By Ellen Brown, Web of Debt Mar 28, 2013 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. Dig deeper ( 7 Min. Read )

Truthdigger of the Week: Elizabeth Warren

Alexander Reed Kelly / Truthdig Feb 17, 2013 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. Dig deeper ( 3 Min. Read )

Truthdigger of the Week: Sheila Bair

Alexander Reed Kelly / Truthdig Oct 14, 2012 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.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. Dig deeper ( 3 Min. Read )

‘Left, Right & Center’: Jobs, Taxes and Debatable Behavior

Staff / Truthdig Oct 6, 2012 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. Dig deeper ( 1 Min. Read )

Top WaMu Leaders Escape Serious Punishment

Staff / Truthdig Dec 20, 2011 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. Dig deeper ( 1 Min. Read )

FDIC Helping Banks Turn Profit

Staff / Truthdig Feb 28, 2010 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. Dig deeper ( 1 Min. Read )

No Banker Left Behind

Robert Scheer / Truthdig Feb 24, 2010 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 $203 billion in 2009 Of course that is less than the $329 billion for bonus rewards back in 2007, when those hotshots could still pretend that they were running sound businesses They do have a license to steal . Dig deeper ( 3 Min. Read )

Financial Oversight: We’re Still Waiting, Mr. President

Stanley Kutler / Truthdig Dec 9, 2009 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. Dig deeper ( 3 Min. Read )

A Republican to Save Us

Robert Scheer / Truthdig Jun 10, 2009 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. Dig deeper ( 4 Min. Read )

Courage Award Honors Two Women Who Warned Us

Staff / Truthdig Mar 29, 2009 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. Dig deeper ( 2 Min. Read )

Say Goodbye to WaMu

Staff / Truthdig Sep 26, 2008 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. Dig deeper ( 1 Min. Read )

Bad Loans and the Bankers Who Love Them

Staff / Truthdig Aug 27, 2008 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. Dig deeper ( 1 Min. Read )