Random Feed wrote an interesting post today on
Here’s a quick excerpt
The FDIC is considering tapping its emergency line of credit with the Treasury. FDIC Chair Sheila Bair recently hinted after a speech at Georgetown University that all options are on the table when it comes time to replenish the dwindling Deposit Insurance Fund. We’ll find out more in the next few weeks after the FDIC board of directors meets. Stock market bulls aren’t concerned about the inevitable acceleration in bank failures — at least for now. Even though deposits will be insured against

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
The FDIC is facing the highest amount of bank failures since the early 1990s. To calm Americans the government in 2008 upped the amount secured at FDIC institutions from $100,000 to $250,000 for each customer account. Yet losses have been so deep that in the fourth quarter of 2008 the Deposit Insurance Fund (DIF) quickly lost a large portion of its balance. The FDIC unfortunately did not adequately prepare for such a deep credit crisis: What is drawing down the funds? It is the amoun

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
When your job is to help supervise the banking industry and over 20 banks have already failed so far in 2009, why are you still applying the same tactics and why are you not fired yet? “FDIC faulted in four bank failures in ‘08… The Federal Deposit Insurance Corp. fell short in correcting deficiencies at four U.S. banks before they were seized last year at a cost of almost $1 billion to the deposit insurance fund, the agency’s inspector general said.” I am shocked at the absence of reprimand a

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