Federal Deposit Insurance Corporation
Latest Federal Deposit Insurance Corporation Items
Republicans haven't succeeded in repealing Obamacare, or even restraining the scheme the Democrats pushed through Congress without a single Republican vote. That's what can happen with a determined Democrat in the White House and the Democrats in control of half of Congress. Republicans in the House will now take aim at another of President Obama's hyperpartisan achievements, the Dodd-Frank Wall Street regulation bill.
The suggestion in "Obama supports elimination of Fannie, Freddie" (Web, Aug. 7) that the president suddenly favors free-market solutions prompts deeper examination of this article. The suggestion that "private banks and investors" were actually the driving force "before the crisis" offers an opening clue that likely much of what the writer "knows" is incorrect, raising further need for a careful read.
A recent Wall Street Journal article examined how the Federal Reserve's use of low interest rate policies has failed to reach those most in need. Aptly calling it the "credit divide," the article said that "Fed officials have been so frustrated in the past year that low interest rate policies haven't reached enough Americans to spur stronger growth, the way economics textbooks say low rates should."
The real estate giant chaired by Richard Blum, the husband of California Sen. Dianne Feinstein, is cashing in on a new federal crisis.
The U.S. banking industry enjoyed its second-most profitable year in history in 2012, according to a new report from the Federal Deposit Insurance Corp., but that may not be enough to save the jobs of thousands of bankers.
U.S. banks ended 2012 with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.