Tag Archives: FDIC

FDIC & BANK OF ENGLAND CREATE RESOLUTION AUTHORITY FOR UNLIMITED CYPRUS-STYLE “BAIL-INS” FOR TBTF BANKS!

The Federal Deposit Insurance Corporation (FDIC) and the Bank of England—together with the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, and the Financial Services Authority— have been working to develop resolution strategies for … Continue reading

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US Deposits In Perspective: $25 Billion In Insurance, $9,283 Billion In Deposits; $297,514 Billion In Derivatives

Earlier today, the American Banking Association reminded Americans that there is absolutely nothing to worry about when it comes to the sanctity of US deposits: after all there is a whopping $25 billion in the FDIC insurance fund which means … Continue reading

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MORE FDIC SMOKE AND MIRRORS – ANN BARNHARDT

I do not usually add any information to Ann Barnhardt’s posts but this is important and should not be overlooked. In the past, banks segregated family assets into multiple accounts to take advantage of the FDIC limitation. If you have … Continue reading

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It Would Make My Government Proud

See additional comments on Tea Party Nation It would make my government proud. Sheila Bair Sheila Colleen Bair was the 19th Chairperson of the U.S. Federal Deposit Insurance Corporation (FDIC). The following article written by Ms. Bair gives us no hope for the … Continue reading

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US BANK RUN IMMINENT AS FDIC EXPANDED DEPOSIT INSURANCE ENDS DEC 31ST

With the media fixated on the fiscal cliff, no one seems to be noticing the fact that the FDIC’s expanded 100% coverage for insured deposits ends January 1st, 2013. As of January 2013 the FDIC stops offering 100% coverage for all … Continue reading

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US BANK RUN IMMINENT AS FDIC EXPANDED DEPOSIT INSURANCE ENDS DEC 31ST

Submitted by SD Contributor AGXIIK: With the media fixated on the fiscal cliff, no one seems to be noticing the fact that the FDIC’s expanded 100% coverage for insured deposits ends January 1st, 2013. As of January 2013 the FDIC stops offering … Continue reading

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Bank of America Credit Downgrade and Negative Outlook

Moody’s Investors Service lowered its rating credit rating on Bank of America after the closing bell on Wall Street on June 21, 2012. As previously noted in the “Bank of America Declaration“: The Bank of America is the country’s largest … Continue reading

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Five Banks, One Week: Over a Quarter Billion Dollars to the Taxpayers

April 27, 2012 These links contain useful information for the customers and vendors of these closed banks. Palm Desert National Bank, Palm Desert, CA Plantation Federal Bank, Pawleys Island, SC Inter Savings Bank, fsb, Maple Grove, MN HarVest Bank, Gaithersburg, … Continue reading

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Former Chairman of the FDIC: My Solution for Income Inequality

Sheila Bair, a former chairman of the Federal Deposit Insurance Corporation, has written an article concerning income inequality in the United States. Tongue in cheek or blatant arrogance? David DeGerolamo Fix income inequality with $10 million loans for everyone! By Sheila … Continue reading

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The True State of the Union: US Banks Have $248 Trillion in Notional Derivatives at Risk

I know that the financial information presented in this article may be seen as just another piece of bad news to add the list. However, this may be the one article that explains the true gravity of our country’s financial … Continue reading

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Resistance to the Community Reinvestment Act Is Futile

Our nation’s banks must submit to the Federal Deposit Insurance Corporation’s requirements of the Community Reinvestment Act (CRA). As shown in this video, Rep. Royce outlines that the CRA was a contributing factor in the housing crisis. “CRA acted as … Continue reading

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Almost $1 Billion to Close Banks by the FDIC

The following information comes from the FDIC’s site for the week closing April 29th. The total loss to the Deposit Insurance Fund (DIF) and loss-share tranactions is $964.50 million. Information for Community Central Bank, Mount Clemens, MI The FDIC estimates that … Continue reading

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