According to Stacy Kaper, reporting in today’s American Banker (paid subscription required), Barney Frank worked out a compromise late yesterday with moderate Democrats that appears to roll back the attempt by more liberal Democrats to restrict the (more…)
The US House of Representatives began debate today on a massive financial institutions reform bill. It, and the hundreds of amendments that have already been helpfully proposed to improve it, are designed to avoid any repetition of the current woes (more…)
This is a good idea that I hope gains traction.
There is speculation in the banking industry that the Federal Deposit Insurance Corporation could start holding more two-for-one sales, so to speak, for failing banks….[S]ome deals to come in Georgia (more…)
This is a good idea that I hope gains traction.
There is speculation in the banking industry that the Federal Deposit Insurance Corporation could start holding more two-for-one sales, so to speak, for failing banks….[S]ome deals to come in Georgia (more…)
As The Wall Street Journal’s weekend edition reported (paid subscription required), political influence might buy a bad bank time, but it can’t cure what ails it.
Federal regulators on Friday seized AmTrust Bank, a battered Cleveland thrift kept a (more…)
Sheila Bair announced late last week that she doesn’t think previous efforts by buyers of mortgage loans of failed banks from the FDIC are cutting the muster and she is considering having the FDIC require that they take loan modifications to the ne (more…)
Ben Bernanke told the US Senate today that it would be “tragic” if bank regulatory reform legislation stalled. John Bowman is apparently a fan of tragedy. The Acting Director of the OTS told reporters last week that all this talk about “reform” (more…)
While we’ve previously focused on all the banks that are turning up their noses at the sweet smell of TARP II, we almost missed the fact that there’s at least one small bank that scooted back to the trough for another generous helping of TARP Lite (more…)
A year after it was shut down by Congress, the practice of builders paying non-profit consumer advocacy groups to funnel down payments in the form of “gifts” to buyers of homes from those same builders (buyers who financed the rest of the purchase (more…)
A recent decision by a New York state trial judge has caused a bit of a buzz about the blogosphere, especially on borrower advocate blogs and other “fora” where banks are bashed and every set-back for foreclosing lenders is greeted with a cheer, a (more…)