| Rogoff: More "consolidations" on the way - 273 sec
09.05.08
Auteur : RemiG2006
Tags: Economy
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| Jim Rogers: Let Fannie, Freddie Fail - P2 - 428 sec
08.29.08
Auteur : RemiG2006
Tags: Jim Rogers Fannie Freddie
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| Jim Rogers: Let Fannie, Freddie Fail - P1 - 392 sec
08.29.08
Auteur : RemiG2006
Tags: Jim Rogers Fannie Freddie
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| UK's biggest house builders has announced a 95% fall in prof - 112 sec
08.27.08
Auteur : RemiG2006
Tags: UK Housing
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| FDIC May Borrow Money from Treasury... - 442 sec
http://www.fdic.gov/bank/individual/failed/banklist.html
Auteur : RemiG2006
Tags: FDIC
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| FDIC May Borrow Money from Treasury.. - 507 sec
FDIC May Borrow Money from Treasury: Report
http://www.fdic.gov/bank/individual/failed/banklist.html
By ReutersCNBC.com
| 27 Aug 2008 | 05:45 AM ET
Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
The borrowing could be needed to cover short-term cash-flow pressures caused by reimbursing depositors immediately after the failure of a bank, the paper said.
The borrowed money would be repaid once the assets of that failed bank are sold.
"I would not rule out the possibility that at some point we may need to tap into [short-term] lines of credit with the Treasury for working capital, not to cover our losses," Chairman Sheila Bair said in an interview with the paper.
Bair said such a scenario was unlikely in the "near term." With a rise in the number of troubled banks, the FDIC's Deposit Insurance Fund used to repay insured deposits at failed banks has been drained.
In a bid to replenish the $45.2 billion fund, Bair had said on Tuesday that the FDIC will consider a plan in October to raise the premium rates banks pay into the fund, a move that will further squeeze the industry.
The agency also plans to charge banks that engage in risky lending practices significantly higher premiums than other U.S. banks, Bair said.
The last time the FDIC had borrowed funds from the Treasury was at nearly the tail end of the savings-and-loan crisis in the early 1990s after thousands of banks were shuttered.
The fact that the agency is considering the option again, after the collapse of just nine banks this year, illustrates the concern among Washington regulators about the weakness of the U.S. banking system in the wake of the credit crisis, the Journal said.
Auteur : RemiG2006
Tags: FDIC
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| FDIC may borrow money from Treasury. - 212 sec
(Reuters)27 - Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
The borrowing could be needed to cover short-term cash-flow pressures caused by reimbursing depositors immediately after the failure of a bank, the paper said.
The borrowed money would be repaid once the assets of that failed bank are sold.
"I would not rule out the possibility that at some point we may need to tap into (short-term) lines of credit with the Treasury for working capital, not to cover our losses," Chairman Sheila Bair said in an interview with the paper.
Bair said such a scenario was unlikely in the "near term." With a rise in the number of troubled banks, the FDIC's Deposit Insurance Fund used to repay insured deposits at failed banks has been drained.
In a bid to replenish the $45.2 billion fund, Bair had said on Tuesday that the FDIC will consider a plan in October to raise the premium rates banks pay into the fund, a move that will further squeeze the industry.
The agency also plans to charge banks that engage in risky lending practices significantly higher premiums than other U.S. banks, Bair said.
The last time the FDIC had borrowed funds from the Treasury was at nearly the tail end of the savings-and-loan crisis in the early 1990s after thousands of banks were shuttered.
The fact that the agency is considering the option again, after the collapse of just nine banks this year, illustrates the concern among Washington regulators about the weakness of the U.S. banking system in the wake of the credit crisis, the Journal said.
Auteur : RemiG2006
Tags: FDIC
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| Keeping Pace with Inflation - 236 sec
08.27.08
Auteur : RemiG2006
Tags: Inflation
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| Are you better off that 4 years ago? P2 - 558 sec
http://www.pbs.org/moyers/journal/08222008/watch.html
Auteur : RemiG2006
Tags: BILL MOYERS economy
|
| Are you better off that 4 years ago? P1 - 558 sec
http://www.pbs.org/moyers/journal/08222008/watch.html
Auteur : RemiG2006
Tags: BILL MOYERS economy
|
| Clarke and Dawe's spin on the credit crunch - 153 sec
08.21.08
Investment Grade
AAA: the best quality borrowers, reliable and stable (many of them governments)
AA: quality borrowers, a bit higher risk than AAA
A: economic situation can affect finance
BBB: medium class borrowers, which are satisfactory at the moment
Non-Investment Grade (also known as junk bonds)
BB: more prone to changes in the economy
B: financial situation varies noticeably
CCC: currently vulnerable and dependent on favorable economic conditions to meet its commitments
CC: highly vulnerable, very speculative bonds
C: highly vulnerable, perhaps in bankruptcy or in arrears but still continuing to pay out on obligations
CI: past due on interest
R: under regulatory supervision due to its financial situation
SD: has selectively defaulted on some obligations
D: has defaulted on obligations and S&P believes that it will generally default on most or all obligations
NR: not rated
Under US accounting rules, asset must be classified into:
· Level 1 (Mark-To-Market) - liquid assets or instruments that are actively traded.
· Level 2 (Mark-To-Model) - instruments that cannot be priced based on trade prices but are valued using observable inputs.
· Level 3 (Mark-To-Make Believe or Mark-to-Myself) - the asset or liability cannot be priced using observable inputs and requires the use of modeling techniques and substantially subjective assumptions.
Auteur : RemiG2006
Tags: Clarke and Dawe
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| I O U S A - 244 sec
08.21.08
Auteur : RemiG2006
Tags: economy
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| Jim Cramer:The game is RIGGED! - 393 sec
08.21.08
Auteur : RemiG2006
Tags: Jim Cramer fannie mae freddie mac
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| Not a bottom yet... - 278 sec
08.12.08
Auteur : RemiG2006
Tags: economy housing
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| Short Credit Crunch Story - 117 sec
08.12.08
Auteur : RemiG2006
Tags: housing economy fed credit
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| Faber: "Global Economy in Recession" - 318 sec
08.08.08
Auteur : RemiG2006
Tags: Marc Faber
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| Meredith Whitney: More writedowns ahead. - 506 sec
http://money.cnn.com/2008/08/04/magazines/fortune/whitney_feature.fortune/index.htm
08.04.08
Auteur : RemiG2006
Tags: Meredith Whitney openhimer economy citi
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| Lawrence Lindsey on Paulson's plan - 545 sec
08/04/08
Auteur : RemiG2006
Tags: Paulson FED housing economy
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| The future of financials is 'green'. - 603 sec
http://www.bloomberg.com/apps/cbuilder?ticker1=FARBWNDW:IND
07.31.08
Auteur : RemiG2006
Tags: Fed money supply
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| PIMCO M.El-Erian about ongoing global econ. change P3 - 532 sec
07.24.08
Auteur : RemiG2006
Tags: PIMCO Mohamed El-Erian
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