Topic: FDIC

Former FDIC Chair Sheila Bair said Thursday she believed Europe was heading into a recession, but she sounded confident about U.S. banks.    Read More

The notion that we’ve geared our financial system too much toward the goal of stability may strike many people as a bit far fetched. Haven’t we just lurched from one financial crisis based on mortgages to another based on sovereign debt?    Read More

Every now and then I like to imagine a day on which everyone will have finally understood the contribution of the Community Reinvestment Act to the mortgage crisis.    Read More

Futures markets are still reeling from the collapse of MF Global and Thursday, U.S. Commodity Futures Trading Commission (CFTC) Commissioner Bart Chilton is suggesting that an insurance fund for derivatives might be just what the markets need to restore confidence.    Read More

The habitual secrecy of banks is understandable. Banks almost never want you to understand where they have invested your money. They reveal their quarterly results through glasses tinted so dimly that no one on earth can understand what risks they face, what assets they own, or how they make money.   Read More

The bank used by the Occupy Wall Street protesters is under orders from federal banking regulators to fix how it books delinquent loans, according to investigative reporter Teri Buhl.   Read More

My concerns about the effectiveness of the authority to resolve the failure of an important financial company granted under Title II of the Dodd-Frank still isn’t understood by some readers.    Read More

The Dodd-Frank financial reforms were supposed to end bailouts by creating a government authority to "resolve" systemically important financial institutions. But there are good reasons to doubt the so-called Resolution Authority can be effectively implemented for the biggest complex financial institutions.    Read More

With shares of two of the largest U.S. banks falling by nearly 20% Monday, the resolution authority of financial regulators to deal with failing banks is being quietly tested.    Read More