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Tag Archives: FDIC

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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