The Federal Deposit Insurance Corporation extended a program that allows bank holding companies to issue government-backed debt on Tuesday. The FDIC extended the deadlines to issue debt and for the debt to expire by six months each for the Temporary Liquidity Guarantee Program. "The TLGP has been...
Speaking at a conference organized by the National Association of Business Economics on Monday, Federal Deposit Insurance Corporation Chair Sheila Bair the U.S. economy is facing a period of "great financial stress" and that additional regulation is absolutely necessary. "An affordable...
Federal Deposit Insurance Corporation (FDIC) Chairperson Sheila Bair said that she hopes that IndyMac program will act as a catalyst to promote more loan modifications for troubled borrowers across the country. Bair made the comment while testifying before the House Financial Services Committee on the...
Speaking in an interview with CNBC, Federal Deposit Insurance chair Sheila Bair said the U.S. Federal Reserve had done a good job in its handling of the AIG situation, but warned against helping financial markets on an "ad hoc basis", calling for better regulations in the system. "There...
The Federal Deposit Insurance Corporation (FDIC) , the agency charged with safeguarding the financial security of bank deposits, announced on Tuesday that the nation's banks are sick and the prognosis is not good. The FDIC insures the deposits of banking customers to $100,000 per depositor in the case...
The Wall Street Journal reported Monday morning that the Federal Deposit Insurance Corporation ( FDIC ,) rather than being part of the solution to the subprime mortgage crisis, was actually among those institutions that caused it . The FDIC which shuttered IndyMac Bank a week ago and is operating it...
For the second time in four months, the Federal Deposit Insurance Corporation (FDIC) has issued a report titled U.S. Home Prices: Does Bust Always Follow Boom? The initial report which came out in February 2005 examined the historical pattern of housing booms and busts in America's metropolitan areas...