Tag Archives: federal deposit insurance corporation fdic

Government Intervention To Stem Foreclosures

From Boston.com: A group of Bay State religious leaders and community activists will meet today in Washington, D.C., with officials from President-elect Barack Obama‚Äôs transition team, the Treasury Department and members of Congress to push for more loan modifications to … Continue reading

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FDIC Revamps Proposal

Report: The Federal Deposit Insurance Corporation (FDIC) proposed on Friday to spend $24 billion of the $700 billion bailout package to help 1.5 million households avoid foreclosure. This new plan is a mild deviation from the FDIC’s $40 billion incentive-based … Continue reading

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On The Brink Of Default?

Here’s what the FDIC wants to do: The bailout may finally be getting up close and personal. As many as three million struggling homeowners could be in line to get some help from the U.S. government, under a plan put … Continue reading

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Citigroup Takes Over Wachovia

From The Guardian: The US woke up to the demise of yet another high-street banking name today as the troubled finance group Wachovia agreed to a rescue takeover by the world’s biggest bank, Citigroup. Federal regulators helped to broker a … Continue reading

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Ten Tips For Surviving The Crisis

From the WSJ: 1. Check that your bank accounts are federally insured. The Federal Deposit Insurance Corporation (FDIC) guarantees deposits up to $100,000 per person. The Securities Investor Protection Corporation (SIPC) guarantees you at places like Lehman Brothers, Merrill Lynch, … Continue reading

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