Mar 9th, 2009 - Reuters
WASHINGTON, March 9 (Reuters) - Sheila Bair, head of theU.S. Federal Deposit Insurance Corp, said on Monday more bankswould fail this year but the agency had enough money to do itsjob, even as it seeks to boost its reserves.
While Bair would not speculate on the number of banks thatmay close in the next 12 months and declined to comment on anyspecific banks, she said the number "will continue to go up."
Related stories:
Barbie Moves to New Home in Shanghai to Escape US Recession
Mar 5th, 2009 - Bloomberg
March 6 (Bloomberg) -- As consumer demand slumps in theU.S. and Europe, Barbie has packed her matching pink luggageand moved to China. Mattel Inc., the world’s biggest toymaker...
Related videos from YouTube:
5:35FDIC Insurance for Deposits Greater Than $100,000
The FDIC (Federal Deposit Insurance Corporation) will soon insure deposits up to $250000. What if you are fortunate enough to have more money than this? What if you are a trustee of a large estate, manage a pension fund or a foundation ...
6:30Money Matters The FDIC, Financial Institutions and the 2 Day Float
Money Matters One of the harsh realities in the financial world today is that the there are a lot of people I believe, probably the majority of people, are living from paycheck. They are not able to make ends meet from one payday to another ...
2:58Geithner did what? "leveraged the balanced sheets of the Fed & fdic"
If the stock market is the barometer of Tim Geithners public standing, Mondays announcement on toxic assets proved a success. The fact that the Treasury secretary ensured the cameras were turned off when he laid out the details of the plan may have proved helpful ...
7:09Velázquez: Here is your money, and by the way I trust you?
On November 18, 2008 the Financial Services Committee held an oversight hearing on the implementation of the Emergency Economic Stabilization Act of 2008 (which created the Troubled Asset Relief Program (TARP) program) and related ...
