Results tagged “FDIC” from Dealbreaker
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Limitless Limits From SheBair
Aug 05, 2009, 5:56pm
Posted by Equity Private
How do you limit executive compensation without politically difficult limits? Don't use limits, of course. Thanks SheBair! We were worried there for a minute! Banking agencies should become more active in setting compensation standards that are "principles-based" without setting specific...
Toxic/Illiquid/Legacy Assets Staying Put For Now
Jun 03, 2009, 5:36pm
Posted by Greg Michaels
As expected, the FDIC confirmed today that it is delaying the initial test of one of its toxic asset programs.The successful bank capital raises and renewed investor confidence in the banking system have provided FDIC Chairman Sheila Bair with enough...
The Not-So-Invisible Hand
Jun 01, 2009, 10:49am
Posted by Greg Michaels
Once upon a time, markets in this country functioned based on economic Darwinism. It was pretty simple: the strong survived, the weak perished and the strong were then rewarded by feasting on the remains of the economically inept. In what...
Damn The Receivership, Full Speed Ahead!
May 22, 2009, 1:50pm
Posted by Equity Private
We cannot decide if we think it is good news or bad news that BankUnited seems to be proceeding as if nothing at all is fucked, even though it was "closed and sold" not 48 hours ago. Aren't dramatic and...
The Capitalist Conflict
May 22, 2009, 11:19am
Posted by Equity Private
That the United States would be more than fleetingly conflicted about the role of capitalism in saving capitalism might be surprising- in any other age. Today, we can only shake our heads watching the government publicly disembowel the "money men"...
Release The Hounds
May 15, 2009, 12:39pm
Posted by Equity Private
Heads will roll. Federal Deposit Insurance Corp. Chairman Sheila Bair said some bank chief executives will be replaced in the next couple of months as the U.S. scrutinizes lenders subjected to tests to evaluate their financial strength. "Management needs to...
Floating Above The Clouds
May 06, 2009, 5:57pm
Posted by Equity Private
To keep the engine in this fantasy hot-air blimp running, you occasionally have to steal some petrol from the passengers, and then paint "Complaint Office" on the door that leads out to thin air and a 9,500 foot drop. Oh,...
Got It In Just Under The Wire
Mar 06, 2009, 9:38am
Posted by Equity Private
If you had any doubt that the theme for this decade's party is "Clueless" then you haven't been paying attention. (We are at a loss to explain why Merrill Lynch keeps throwing fetes at warm climate located Ritz Carltons in...
Bailout Nation Will Tolerate No Dissent
Dec 04, 2008, 3:41pm
Posted by Equity Private
Message to diligent administrators concerned with the preservation of taxpayer dollars: Get in the way of the bailout juggernaut and you will make powerful enemies. Consider the plight of FDIC head Sheila Bair: Geithner, president of the Federal Reserve Bank...
Loan Backers
Oct 23, 2008, 12:07pm
Posted by Equity Private
What's the quickest way to assure that lenders will never ever buy another asset based on mortgage income streams? Make it clear that, at any time, the income stream of that mortgage could be modified by a regulator, a judge...
This Is A Dirty Word, This "Unlimited"
Oct 01, 2008, 4:35pm
Posted by Equity Private
We worried some weeks ago about what the FDIC, who's capitalization is awfully small to look very useful against any serious glut of bank failures, was going to do if things started to fall apart. It appears we have our...
The Wisdom Of Uncapped Depository Insurance
Oct 01, 2008, 1:44pm
Posted by Equity Private
Interestingly, Ireland has unlimited coverage for depositors in major Irish banks. That sounds like a great idea when its passed in a legislative body and various parties who need to look a bit more populist this year without losing their...
Who Is Running The Show?
Oct 01, 2008, 10:24am
Posted by Equity Private
We are all for simple explanations to complex financial problems. Given this, what prerequisite for a major regulatory position in finance could be more gratifying than the ability to explain complex monetary policy issues to children? And given this, who...
Premium Disequilibrium
Posted in ABN Amro, Oct 01, 2008, 8:50am
Posted by Equity Private
I'm sure you can imagine exactly what would happen if State Farm suddenly decided that they would cover wind, water/flood and fire on every homeowner's policy that, up to this point, had excluded recovery in these categories. Since State Farm...
That Wasn't Sugar
Sep 30, 2008, 11:23am
Posted by Equity Private
All depositors are fully protected and there is expected to be no cost to the Deposit Insurance Fund. Wachovia did not fail; rather, it is to be acquired by Citigroup Inc. on an open bank basis with assistance from the...
FDIC Numbers Show Bank Crisis Gaining Steam
Aug 26, 2008, 4:17pm
Posted by John Carney
Federal Deposit Insurance Corp data released this afternoon show 117 banks and thrifts were considered to be in trouble in the second quarter, up from 90 in the prior quarter. That's being headlined as the worst number since 2003 but...
