Dec 22 Chicago Community Mourns Loss of Local Bank By Carolyn O'Hara On the West side of Chicago, the loss of a bank that invested widely in local neighborhoods is being mourned by residents, who question why a bank's commitment to community is not considered part of its bottom line. Continue reading
Nov 13 FDIC’s Bair on ‘Too Big to Fail,’ Lessons Learned By Carolyn O'Hara Tonight on the NewsHour, FDIC Director Sheila Bair weighs in on the state of the U.S. banking system. In a Web-exclusive excerpt, Bair speaks bluntly about the need to break up banks that are deemed "too big to fail."… Continue reading
Nov 13 Watch FDIC’s Bair: Bank Bailouts Were ‘Not a Good Idea’ In an interview with Paul Solman, FDIC chairwoman Sheila Bair discusses lessons learned from the financial crisis, and looks back on the federal bailout of institutions deemed "too-big-to-fail," saying, "In retrospect, I think it was not a good idea."… Continue watching
Nov 10 Competing Senate, House Financial Reform Bills Differ Over Fed’s Role Senate Banking Committee Chairman Chris Dodd, D-Conn., unveiled legislation Tuesday that would dramatically reform how U.S. banks are regulated. The bill differs from legislation moving through the House of Representatives on several key issues. Continue reading
Sep 11 If the FDIC Asks for More Credit from Treasury, What Happens to Inflation? Question: With the FDIC’s funds diminishing, what are the chances it will tap its credit line to the Treasury? And what does that mean for inflation? Paul Solman: The more the… Continue reading
Sep 02 If Big Banks Were Allowed to Fail, Would the FDIC Need a Bailout? Question: Some have said that big banks, like Citi or Bank of America, should have been allowed to fail. Given their size, could the FDIC really have covered the insured deposits? Or would the… Continue reading
Aug 27 Watch FDIC Losing Money as Many More Banks Face Collapse The FDIC reported that its insurance fund shrank 20 percent in the second quarter. Jeffrey Brown speaks with a reporter and analyst about troubled banks. Continue watching
Aug 13 When Did Formerly Safe Bonds Become Unsafe? Question: My question is: What about U.S. bond holders? I’ve seen bailouts of incompetent banks and businesses and some selective shareholder groups. Investment grade bonds were considered to be the safest investment next to… Continue reading
Jul 29 What About Banks That Didn’t Take TARP Money? By Business Desk Question: Thank you for your illuminating illustration of the fiasco involving our banks on PBS. How many banks in this country did not take TARP money and why… Continue reading
Jul 24 Watchdog Role at Center of Regulator Showdown Three federal government officials charged with reforming the U.S. financial system testify Friday in front of the House Financial Services committee who should become the nation's top consumer watchdog. Continue reading