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Tag Archives: Bank Bailout

FDIC Chief Bair Outlines Homeowner Rescue Plan to Senate

Thursday, October 23, 2008

FDIC Chief Follows Last Week’s Comments That Bank Bailout Is ”Not Enough” with a Plan Similar to “A Solution That Works”
FDIC Chairman Sheila C. Bair testified on foreclosure before the Senate Committee on Banking, Housing and Urban Affairs  this morning. Here’s a snippet of Bair’s address:
Despite what we hear about the credit crisis and the problems facing [...]

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FDIC Chief Blasts Bailout For Not Helping Homeowners

Friday, October 17, 2008

Yesterday, the Chairman of the Federal Deposit Insurance Corp (FDIC) — the organization that insures banking deposits — criticized the U.S. Government’s recent $700 billion rescue package as helping stabilize financial markets, but not doing enough to address home foreclosures.
FDIC Chairman Sheila Bair told the Wall Street Journal she’s perplexed that so much attention has [...]

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Dan Gilbert Outlines His Plan on Fox Business News

Tuesday, October 14, 2008

Gilbert Outlines His Housing Rescue Plan for Fox’s Neil Cavuto
Last night, Dan Gilbert was interviewed by Neil Cavuto on Fox Business News’ highly popular “Your World” business news show.
During the interview, Dan Gilbert outlined the root problem that still persists at the center of the current financial crisis: The death spiral of mounting foreclosures, rapidly falling property values and [...]

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The White House Solution to The Financial Crisis: Take Over The Banks?

Thursday, October 9, 2008

White House considering taking over some banks, says AP, anonymous source.
 
The big news this morning is a rumor that the White House is considering taking over ownership of certain banks — the latest move in the government’s “Whack-a-Mole” approach to dealing with the current financial market crisis.
According to the Associated Press:
An administration official, who spoke on [...]

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