Topic: Federal Deposit Insurance Corporation

Democratic leaders in the Senate are trying to secure the final votes needed to pass legislation this coming week that would impose the most sweeping rules on banks and Wall Street since the Great Depression of the 1930s. Not all the changes ...
Sweeping financial overhaul will change many rules, but loopholes could allow another crisisThe most sweeping changes to financial rules since the Great Depression might not prevent another crisis.Experts say the financial regulatory bill approved by the Senate last week, and a similar ...
FDIC head warns Senate Democrats not to ban banks' derivatives businessA top government banking regulator wants Senate Democrats to let banks keep most of their business in complex — and profitable — securities known as derivatives.A sweeping overhaul of banking regulations pending ...
Barney Frank's proposal from yesterday is bad. Chairman Sheila Bair, breaking with the Obama administration, said U.S. financial companies should prepay into a fund the government would use to unwind large failed firms.. Congress should set up a Financial Company Resolution Fund ...

House committee plans hearings

The article reports that the U.S. House Financial Services Committee will hold a series of hearings on the policy implications of the transformation of domestic and international financial markets. [national summary] Guidance published on managing risk related to third-party arrangements The FDIC ...
Congress sends president bill that encourages banks to spare homeowners from foreclosureCongress on Tuesday sent the president legislation that encourages banks to spare homeowners from foreclosure, after the industry helped scuttle a tougher measure that would have forced lenders to reduce monthly ...

House Likely to Pass Housing Bill This Week Without 'Cramdown'

Corey Boles reports on Congress.. The House is expected to vote later this week on legislation aimed at helping the ailing housing market - but without the bankruptcy changes that had been the bill's central element, a senior House Democratic aide said ...

US Senate backs bill to cope with housing crisis

The US Senate passed legislation Wednesday aimed at preventing home foreclosures and ease access to credit, targeting key factors at the heart of the global economic crisis.Lawmakers voted 91-5 to approve the " Helping Families Save Their Homes Act" championed by Senate ...
Plan to prevent another economic meltdown slows on Hill, Democrats point to challenges aheadA key piece of President Barack Obama's plan to prevent another economic meltdown already has slowed in Congress, and Democrats acknowledged Thursday that the task of approving the proposal ...
Usually, when I'm watching television open-mouthed and incredulous, it's because I've " Well, tack another genre onto the list.. Let me explain why.... Believe me, when Washington Mutual, my own bank, was failing, I was glad we had FDIC insurance to fall ...
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