Large US banks must show how they would wind down

Marcy Gordon Associated Press via HamptonRoads.com 9/13/2011

WASHINGTON (AP) — The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing.

The Federal Deposit Insurance Corp. voted 3-0 Tuesday to approve the rules, which were mandated under the financial […]

La Raza offering taxpayer money for mortgages

Jim Kouri Law Enforcement Examiner 7/12/2011

One of President Barack Obama’s favorite organizations, La Raza (The Race), has teamed up with a federal agency to promote one of the administration’s many government cash giveaways with Spanish ads encouraging Latinos –including legal and illegal immigrants — to apply for U.S. taxpayer dollars to pay for housing.

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U.S. Agencies May Spend $1 Billion to Initiate Dodd-Frank Act

Newsmax.com 28 Mar 2011

The Dodd-Frank financial-regulation law may require the federal government to spend almost $1 billion and hire or transfer more than 2,000 employees in the months ahead, according to the Government Accountability Office.

The 11 agencies implementing the law, including the Treasury Department, Federal Reserve and Federal Deposit Insurance Corp., told the […]

“The center of the financial world has moved from Wall Street to…the Treasury Department.”

Peter Suderman Reason.com 7/26/2010

A major reason the financial reform bill passed was that Democrats and a handful of moderate Republicans felt the need to do something, anything to show that Washington could stand up to Wall Street. But as I’ve argued before, few legislators really understood the industry they set out to change, or […]

Banks prepaid $45B in FDIC premiums to raise cash

Banks will prepay $45B in FDIC premiums to raise cash Reuters/USA Today 11/12/2009

WASHINGTON (Reuters) — Banks will prepay three years of deposit insurance premiums to give the government cash to handle the rising tide of bank failures, under a rule adopted by the Federal Deposit Insurance Corp. Thursday.

The industry has generally spoken favorably […]

Here It Comes (You Were Just Warned Folks)

Karl Denninger The Market Ticker Thursday, January 7, 2010

I don’t know how much clear it gets than this:

By Scott Lanman and Craig Torres Jan. 7 (Bloomberg) — U.S. regulators including the Federal Reserve warned banks to guard against possible losses from an end to low interest rates and reduce exposure or raise capital […]

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