Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (10/07/2008)
* WASHINGTON (10/8/08)--On Monday, the Treasury Department placed Neel Kashkari, formerly the assistant secretary for international development, in charge of its new $700 billion program to move problem assets off the books of financial institutions. Meanwhile, an unnamed bank was reportedly drawing up its application to be the first to sell its assets under the program signed into law last week. The department must make public the name of the bank within two days of its purchase or sale. Also on Monday, Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair said in a speech to the National Association of Business Economists that the FDIC will not balk at using the "systemic risk exception" to resolve failing banks. The exception sets aside a requirement that the FDIC always take the lowest-cost approach to any failing bank…


RSS print
News Now LiveWire
Large CU stress testing on the agenda for the April @theNCUA open meeting http://t.co/2TUcnmCmPi
6 hours ago
#FinancialLiteracyMonth Test your college financial aid knowledge @nasfaa http://t.co/xgrDmHaw8W
14 hours ago
Join @theNCUA #NCUAchat with @KenWortheyJr on April 23 from 11am to 12pm EST http://t.co/TnNmfFh4Nl #FinancialLiteracyMonth
16 hours ago
Maine's patent troll bill has become law. Read more in Monday in @NewsNowLiveWire
19 hours ago
Wash. DFI discusses serving legal marijuana businesses with @NWCUA http://t.co/3kw79HJUYF
19 hours ago