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Banking: Q&A With FDIC Chairman Sheila Bair

                   
msn.com
Jul 17, 2008
        
Story Timeline:  143 days

chairwoman of the Federal Deposit Insurance Corporation (FDIC), where she was on the first stop of a four-city roadshow to commemorate the agency's 75th anniversary and promote confidence in the ailing banking sector. NEWSWEEK asked Bair how many more banks might fall in the wake of the subprime mortgage mess, whether or not the FDIC really has enough cash to insure depositors and what keeps regulators like her up at night. Excerpts: NEWSWEEK: How worried should people be about the banking system and about their deposits? Sheila Bair: Insured depositors should not be worried at all. Banks overwhelmingly are safe and sound. There are a handful that have some challenges, but the chances that your bank will close is remote. Even if it does, your insured deposits are absolutely safe. We took over IndyMac as a conservator last... [read full story]                    

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Latest article on this story:

FDIC sheds light on closing of IndyMac (Bankrate.com)

 yahoo.com Jul 25, 2008
First article on this story:

Rash of bank failures unlikely

 timesunion.com Jul 15, 2008
Selected publications with coverage of this story:
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FDIC sheds light on closing of IndyMac (Bankrate.com)

yahoo.com
Jul 25, 2008
        

More than 30 banks have failed since 2000, but few caused the debacle that was broadcast across the nation and around the world following the collapse of IndyMac Bank on July 11 in Pasadena, Ca. We spoke with FDIC spokesman...

                   

Many local banks buck mortgage mess

tmcnet.com
Jul 25, 2008
        

Jul. 25--Large second-quarter losses for national banks, such as the $8.7 billion lost by Wachovia Corp. announced Tuesday, have made for dismal banking news. However, Virginia-based banks in the Charlottesville area say...

Strategies: How to keep your business bank accounts safe

usatoday.com
Jul 25, 2008
        

With the collapse of a major bank, Americans are, rightfully, concerned about the safety of their money. The good news is that the FDIC also covers business accounts, not just personal accounts. That means that if your business...

                   

Safe options available to stash money

courierpostonline.com
Jul 25, 2008
        

Safe investments aren't always all that safe, so think before you leap. After the past few weeks, most investors are wondering: Where is the best place for my savings? Are Serta mattresses best, or should I stuff it in a Sealy...

                   

Banks aren't the only insured financial institutions

usatoday.com
Jul 25, 2008
        

When you see a meteor crash through your neighbor's house, bounce out his picture window, roll over his car and finally come to rest atop his lawn gnome, your first thought is to wonder if everyone's OK. After the failure of...

                   

The Farmer File: Facts about the bank brouhaha

naples-daily-news.com
Jul 25, 2008
        

A lot of people with money in local banks are going in to ask about their money. Several bank managers on Marco Island, speaking not for attribution, paint a picture of worried savers, afraid of the stock market and queasy...

                   

Banks aren't only insured financial institutions

usatoday.com
Jul 25, 2008
        

When you see a meteor crash through your neighbor's house, bounce out his picture window, roll over his car and finally come to rest atop his lawn gnome, your first thought is to wonder if everyone's OK. After the failure of...

                   

SFGate Article: Why wasn't IndyMac on the FDIC problem list?

bankdeals.blogspot.com
Jul 25, 2008
        

This San Francisco Chronicle article has an interesting look at why Indymac wasn't on the FDIC's problem list. The FDIC had reported the following regarding this problem list: As of the end of March, there were 90 institutions...

The FDIC: What do Banks Really Do With Your Money? (at Seeking Alpha)

yahoo.com
Jul 24, 2008
        

by: Michael Shedlock posted on: July 24, 2008 | about stocks: In a sad twist of irony Shelia Bair is accusing blogs of being "out of control". Sadder still is the fact that San Francisco Business Times writer Mark Calvey...

                   

FDIC Insurance - When Banks Fail

productivity501.com
Jul 24, 2008
        

This post was originally published October 29th, 2007. I’m bumping it up because in today’s financial climate it is extremely important. If you have any experience in dealing with getting money back from FDIC, please read the...

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