FDIC Press Release Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $35.3 billion in the…
The Need For An Independent Investigation Into JP Morgan Chase- Simon Johnson- The Baseline Scenario
By Simon Johnson JPMorgan Chase is too big to fail. As the largest bank-holding company in the United States, with assets approaching $2.5 trillion as reported under standard American accounting principles, it is inconceivable that JPMorgan Chase would be allowed … Continue reading →
Suprised That Obama Tapped Inflation Hawk Hoenig for the FDIC? Don’t Be
By Daniel Indiviglio
Oct 21 2011, 12:29 PM ET
Although he’s best known for his Fed dissents, he’ll be tough on the big banks
Last year, those of us who cover the Federal Reser…
November 26, 2010
Banks Start to Dig Out From Troubled Loans
By FLOYD NORRIS
AFTER several years of decline, this is shaping up to be the year in which the problems of America’s banks began to recede.
The Federal Deposit Insurance Corporation repo…
November 13, 2010
Bailouts, Reframed as ‘Orderly Resolutions’
By ROBERT J. SHILLER
DISTASTEFUL as it may seem, we need to prepare for the next financial crisis, which, of course, will arrive eventually. Right now, though, people are so angry about…