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Failed Banks May Get Pension-Fund Backing as FDIC Seeks Cash

Written on 9 Mar, 2010 at 18:50 in Economy, Latest News, Top Stories | viewed 123 views times | 0 Comments
Failed Banks May Get Pension-Fund Backing as FDIC Seeks Cash

The Federal Deposit Insurance Corp. is trying to encourage public retirement funds that control more than $2 trillion to buy all or part of failed lenders, taking a more direct role in propping up the banking system, said people briefed... (Continue reading)

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Florida, Maryland, Utah Banks Shut as Financial Crisis Deepens

Written on 1 Feb, 2009 at 11:20 in Economy | viewed 162 views times | 0 Comments

Bloomberg By Ari Levy Jan. 31 (Bloomberg) — Banks in Florida, Maryland and Utah were closed yesterday as regulators wrapped up the busiest month for failures since the housing slump began in 2006. Ocala National Bank in Florida and Suburban Federal Savings Bank... (Continue reading)

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WTP Brings Federal Lawsuit to Stop AIG Bailout

Written on 18 Sep, 2008 at 23:20 in Economy, Federal Reserve | viewed 176 views times | 1 Comment

U.S. Lacks Constitutional Authority for Loan WTP | On the day following the 221st anniversary of the signing of the U.S. Constitution, WTP Chairman and constitutional activist Robert Schulz today filed a federal lawsuit in United States District Court in Albany... (Continue reading)

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Duck!

Written on 15 Sep, 2008 at 14:29 in Economy, Federal Reserve, Inernational Banking | viewed 164 views times | 0 Comments

Treasury Secretary Henry Paulson says not to worry. The U.S. banking system is "safe and sound".... (Continue reading)

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