New Powers Mean New Questions For FDIC

Adler, Joe
April 2009
American Banker;4/7/2009, Vol. 174 Issue 66, p1
Trade Publication
The article discusses questions regarding the mission of the Federal Deposit Insurance Corp. (FDIC) in view of its growing involvement with the bailout of the U.S. banking and financial industry. The U.S. Treasury Department has tasked the FDIC with administering the bailout of U.S. banks with regard to the removal of toxic assets.


Related Articles

  • Citigroup, feds finalize agreement for bailout. Dillard, Gabriel // Business Journal Serving Fresno & the Central San Joaquin Valley;11/28/2008, Issue 323950, p17 

    The article reports on the agreement of Citigroup Inc. and the U.S. Treasury Department to bailout $20 billion for the banking industry in California. Under the deal, the Treasury and Federal Deposit Insurance Corp. (FDIC) will guarantee up to $306 billion loans backed by commercial and...

  • Should Banks Be on Both Sides of Asset Program? Hopkins, Cheyenne // American Banker;4/7/2009, Vol. 174 Issue 66, p1 

    The article discusses the U.S. Department of Treasury's program to address toxic assets owned by U.S. banks. The question of whether or not banks should be allowed to buy toxic assets is creating much debate, the article indicates. Commentary is provided by Andrew Williams, a Treasury spokesman,...

  • Treasury Tweaks Bank Asset Program.  // American Banker;4/7/2009, Vol. 174 Issue 66, p16 

    The article discusses changes and modifications the U.S. Treasury Department made to its plan to restart the market for toxic assets that U.S. banks own. An application deadline for a securities program has been extended, the article notes, and criteria for participating in the program has been...

  • Will the $700 Billion Government Bailout Work?  // Financial Executive;Nov2008, Vol. 24 Issue 9, p9 

    The article discusses the U.S. government's $700 billion bailout plan for the financial industry. Under enabling legislation the secretary of the Treasury has wide latitude for how the funds are used. In addition, bank-account limits for Federal Deposit Insurance Corporation insurance were...

  • THE GEITHNER PLAN.  // Accountancy;May2009, Vol. 143 Issue 1389, p91 

    The article discusses the U.S. government's plan to bailout the banking industry, describing what in the author's opinion are the risks, both political and financial, with the plan put forward by U.S. Treasury Secretary Timothy Geithner. Topics include removing toxic assets from the financial...

  • What BIF lacks will affect banks' tax.  // ABA Banking Journal;Mar1991, Vol. 83 Issue 3, p14 

    Focuses on the intensification of the debate over the recapitalization of the Bank Insurance Fund in the U.S. Limitation of the options on the plan of the Treasury Department; Importance of the timing of contributions; Treatment of the additional bank payments.

  • Vote May Show If Tiebreaker Has Set FDIC on New Course. Linder, Craig // American Banker;1/13/2004, Vol. 169 Issue 8, p1 

    After Thomas J. Curry was confirmed as the fifth member of the Federal Deposit Insurance Corp. board, observers said his appointment would finally enable it to set policy without Treasury Department assent. The board is slated to consider a proposal to simplify coverage rules for living-trust...

  • FDIC to Give Details On Asset Program. Adler, Joe // American Banker;3/26/2009, Vol. 174 Issue 58, p2 

    The author reports on plans by the Federal Deposit Insurance Corp. (FDIC) to inform banks about a plan it has with the U.S. Treasury Dept. to help banks in eliminating toxic assets. Topics that the FDIC discussed with bankers during a conference call in regards to eliminating toxic assets are...

  • Take Fight to Politically Tied Launderers. Ringel, Jed // American Banker;9/23/2009, Vol. 174 Issue 177, p9 

    In this article the author discusses progress which has been made in the area of financial regulation by several U.S. agencies including the U.S. Treasury Department and the Federal Deposit Insurance Corp., in 2009 in response to corrupt banking practices. The author is supportive of the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics