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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
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
Posted in Editorial, Financial
Tagged Derivatives, Exposure, FDIC
Comments Off on US Deposits In Perspective: $25 Billion In Insurance, $9,283 Billion In Deposits; $297,514 Billion In Derivatives
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
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
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
Posted in Editorial, Financial
Tagged Bank Run, FDIC, NC Renegade
Comments Off on US BANK RUN IMMINENT AS FDIC EXPANDED DEPOSIT INSURANCE ENDS DEC 31ST
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
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
Posted in Editorial, Financial
Tagged FDIC, NC Renegade
Comments Off on Five Banks, One Week: Over a Quarter Billion Dollars to the Taxpayers
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
Posted in Editorial, Financial
Tagged FDIC, Income Inequality, NC Renegade, Redistribution, Sheila Bair
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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
Posted in Editorial, Financial, Safety and Preparedness
Tagged Ben Bernanke, Economic Collapse, FDIC, Federal Reserve, MF Global, NC Renegade, notional derivatives, Tim Geithner
Comments Off on The True State of the Union: US Banks Have $248 Trillion in Notional Derivatives at Risk
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
Posted in Editorial, Financial
Tagged Community Reinvestment Act, CRA, FDIC, NCRenegade
Comments Off on Resistance to the Community Reinvestment Act Is Futile
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
Posted in Financial
Tagged FDIC, NC Renegade
Comments Off on Almost $1 Billion to Close Banks by the FDIC