FDIC Bair Slaps Down Bernanke – Says Low Interest Rates Incited Financial Crisis

Financial Meltdown Fueled By Misguided Fed Policies In an appearance before the Financial Crisis Inquiry Commission, FDIC Chairman Bair testified on behalf of the FDIC on the causes of the worst financial crisis since the Great Depression.  Since the financial meltdown of 2008, many financial analysts and government officials have given eloquent after the fact […]

Three Banking Failures Cost FDIC $300 Million

January 15, 2010 – Regulators Close 3 Banks Regulators closed three banks today in Utah, Minnesota and Illinois.  The three failed banks had total assets of $922.1 million and total deposits of $877.3.  The total cost to the FDIC Deposit Insurance Fund for the three failed banks is estimated at $296.3 million or 32% of […]