| Alan Greenspan feels 'shocked disbelief' over current crisis |
| Published: October 24, 2008, 12:09 am |
| foreclosure.She said the FDIC was working "closely and creatively" with the Treasury Department to come up with a plan.The standards might be modeled after the FDIC’s program for troubled home borrowers at what is now IndyMac Federal Bank, which failed in July. Under the program, about 4,000 IndyMac borrowers have been given more |
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| US working on plan to help homeowners refinance |
| Published: October 23, 2008, 11:38 am |
| providing loan guarantees to banks and other mortgage services that meet them."Loan guarantees could be used as an incentive for servicers to modify loans," Bair said. "By doing so, unaffordable loans could be converted into loans that are sustainable over the long term."The FDIC is working "closely and creatively" with the Treasury Department on |
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| Wachovia still tops, for now, in S.C. |
| Published: October 9, 2008, 12:31 am |
| see the name on top of the list. Citigroup and Wells Fargo are in a legal battle over who can buy the Charlotte-based bank.The FDIC’s deposit market share ranks banks based on their deposits as of June 30 so the numbers do not reflect the latest financial crisis shaking the industry. This year, there were no changes in the rankings among |
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| Deepak Chopra: Saving the U.S. Economy Through "Trickle Up" Economics |
| Published: October 6, 2008, 11:31 pm |
| The following is a punch list of steps necessary for economic recovery. 1. Create the modern day equivalent of the Depression-era Home Owners Loan Corporation (HOLC), which bought up and renegotiated troubled mortgages, provided free credit counseling to homeowners with troubled loans, and closed shop less than 20 years later after making a |
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| Why are so many banks failing..is the government covering the wrong asses? |
| Published: October 1, 2008, 3:24 am |
| Tags: Subprime Debacle, Sec, Ots, Indymac, Fdic |
| percent or so in some of its troubled mortgage assets. This helped IndyMac keep its risk-based capital ratio barely above the 10 percent floor and allowed it to qualify as well-capitalized, thus avoiding being added to the FDIC's list of problem institutions. As a result, IndyMac was able to keep borrowing from the Federal Home Loan Bank |
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 Congressman Brad Sherman: Ma... |  US Economy Collapsing |  US ECONOMIC MELTDOWN WAKE ... |  LIST OF US BANKS GOING UNDER |  The Big Banks Most Likely to... |
