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FDIC Syndicate content

Politics | 03/04/2009 9:45 am

Sheila Bair Warns of 'Insolvent' FDIC

FDIC Chairwoman Sheila Bair says new bank fees necessary to keep group together
By The Staff at wowOwow.com

Politics | 12/03/2008 6:53 am

FDIC Chairwoman Blair Crisis Alert: Disaster if Homeowners Don't Get More Help

The nation’s top banking regulator said there simply isn’t enough government help to keep up with the number of foreclosures; we need to do more
By The staff at wowOwow.com

Money | 11/24/2008 8:00 am

Citigroup to Get Another $20 Billion in Federal Bailout Money

Feds say bailout is necessary to keep the economy from collapsing; Obama to announce economic team today to move quickly to stave off crisis
By The Staff at wowOwow.com

Money | 10/30/2008 10:20 am

At Risk of Foreclosure? Help May Be on the Way

Treasury, FDIC working on plan to have government guarantee the mortgages of up to three million distressed homeowners; GDP shows signs of recession
By The Staff at wowOwow.com

Money | 10/14/2008 7:45 am

U.S. Government to Become Stakeholder in Major Banks

President Bush today to announce plan for government to buy stake in nation’s nine largest banks to stabilize market
By The Staff at wowOwow.com

Money | 09/29/2008 4:20 pm

Update: House Votes No on $700B Bailout Bill

The House voted Monday to reject the $700 billion bailout bill, despite urges from President Bush and administration officials to push it into law or face economic doom
By The Staff at wowOwow.com

Money | 09/26/2008 7:48 am

JP Morgan Bails Out Another Troubled Bank. This Time, WaMu

Since September 15, nervous customers have pulled more than $16 billion from the Seattle-based Washington Mutual
By The Staff at wowOwow.com

Money | 09/17/2008 9:55 am

Is My Money Safe? Three Ways to Check if Your Money Is Safe With the FDIC, SIPC and State Insurance Guarantees

Financial markets grapple with latest turmoil; three steps you can take to educate yourself in these tumultuous times
By The Staff at wowOwow.com

Money | 09/17/2008 6:50 am

Sorry Lehman, AIG Is Rescued by the Fed

The U.S. Government agrees to provide up to $85 billion in a loan to rescue American International Group
By The Staff at wowOwow.com

Money | 09/16/2008 10:45 am

AIG NEWS: AIG Credit Downgrade, Shares Plummet, Federal Reserve Steps In

AIG’s ship sunk deeper amid falling stock prices and poor credit ratings. Insurance giant American International Group now has very little time to sell assets and receive loans to keep itself afloat
By The Staff at wowOwow.com

Politics | 09/15/2008 12:15 pm

As AIG Begs for Cash, Will the Insurance Giants Follow in Lehman Brothers' Footsteps?

Perhaps Lehman Brothers hoped the government would save them like they did just last weekend for mortgage giants Fannie Mae and Freddie Mac when the government-regulated Federal Housing Finance Agency seized control. Today it’s being reported that another great financial institute, American International Group, might follow in Lehman’s footsteps
By The Staff at wowOwow.com
Sheila Bair

Money | 08/01/2008 10:45 am

FDIC Chairwoman Concerned About Public's Understanding of Deposit Insurance Rules

FDIC Chairwoman Sheila Bair, also a children’s book author, is presiding over tumultuous times in the banking and housing industries
By The Staff at wowOwow.com