Posts Tagged ‘FDIC’
If Enough Banks Fail, The FDIC Could Run Out Of Money
If Enough Banks Fail, The FDIC Could Run Out Of Money | Consumerist
Two banks fail, 90 on FDIC problem list
If anyone were still in doubt as to whether or not the United States economy is in recession, the FDIC’s problem list now includes 90 banks at risk of failure. This is not a large number, since there are about 8,500 banks in the country, but it is up from 76 last year.
Historically, only about [...]
How much did deregulation contribute to the recession (economic slowdown, whatever)
Deregulation refers to the point at which the U.S. government threw up its hands and said “all right banks, power companies, airlines, etc., do whatever you want!” and the deregulated industries had a big party. Eminent jurist and economic theorist Richard Posner says that might have been a mistake: “a tighter ceiling should be placed [...]
Alternatives to payday loans: small dollar loans
In what is hopefully the start of something, the Federal Deposit Insurance Corporation (FDIC) announced the selection of 30 banks to participate in a two-year pilot project to help identify best practices in affordable small-dollar loan programs that can be replicated by financial institutions.
“Our goal is to identify small-dollar loan programs that are profitable for [...]
