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August 28, 2008 2:48:15 AM CDT

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Stories related to: bank regulation

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8 Stories

  • August 2008

    • Greenspan: Housing Will Hit Bottom in 2009

      Wall Street Journal  |  Aug 14, 08 11:19 AM CDT

      Greenspan: Housing Will Hit Bottom in 2009

      (Newser) - Alan Greenspan said housing prices could continue to edge lower through 2009, but should “stabilize or touch bottom” in the first six months of the year, reports the Wall Street Journal . And, the former Fed chief says, while a government bailout of Freddie Mac and Fannie May was the right thing to do, the companies should have been nationalized. More »

      Tags

      Bush administration  • Federal Reserve  • credit crisis  • housing crisis  • mortgage crisis  • Fannie Mae  • Freddie Mac  • economics  • Alan Greenspan  • capitalism  • bank regulation

    • Greenspan to Government: Hands Off

      Financial Times (UK)  |  Aug 5, 08 1:15 PM CDT

      Greenspan to Government: Hands Off

      (Newser) - The credit crisis is far from over, and more banks and financial institutions might require government bailouts along the way, Alan Greenspan acknowledges. The crunch will relax only when home prices, "the ultimate collateral support for much of the financial world’s mortgage-backed securities," begin to stabilize, the ex-Fed chairman writes for the Financial Times. Until then, governments must resist the temptation to respond to the downturn with heavy-handed regulation. More »

      Tags

      Federal Reserve  • credit crisis  • mortgage backed securities  • economics  • regulation  • Alan Greenspan  • capitalism  • bank regulation

  • July 2008

    • US Smacked by the Invisible Hand

      Los Angeles Times  |  Jul 16, 08 2:12 PM CDT

      US Smacked by the Invisible Hand

      (Newser) - Are we losing confidence in market mechanisms? Years of unfettered free markets contributed to the current gloomy economic situation, and even the market-championing White House has lurched into government regulation of the financial world, the Los Angeles Times reports. With housing prices falling and oil prices rising, “the message that Americans are getting is that something went wrong with the markets and you got hurt," said one economist. More »

      Tags

      oil price  • housing market  • economy  • oil prices  • regulation  • bank regulation  • speculators  • free markets

    • Feds Seize Failed IndyMac Bank

      Wall Street Journal  |  Jul 11, 08 7:03 PM CDT

      Feds Seize Failed IndyMac Bank

      (Newser) - As mortgage lenders Freddie Mac and Fannie Mae crowded the headlines today, Washington snatched up IndyMac Bank in the second-largest US bank failure in history, the Wall Street Journal reports. The Pasadena, Calif. savings and loan, which owns about $32 billion in assets, saw stocks fall from $45 last year to 28 cents this week as mortgage defaults piled up. It will reopen Monday under federal supervision. More »

      Tags

      mortgage crisis  • takeover  • IndyMac  • bank regulation  • lending practices  • FDIC  • Federal Deposit Insurance Corp.

  • June 2008

    • Banks Play Hide-and-Seek With Bum Loans

      Wall Street Journal  |  Jun 19, 08 10:19 AM CDT

      Banks Play Hide-and-Seek With Bum Loans

      (Newser) - Banks are increasingly finding creative ways to lessen the impact of shaky loans on their bottom lines, shifting them to subsidiaries or changing their definition of non-performing, the Wall Street Journal reports—a legal, if not exactly confidence-inducing, strategy. "Spending all the time gaming the system rather than addressing the problems doesn't reflect well on the institutions," one analyst said. More »

      Tags

      credit crisis  • real estate values  • mortgage defaults  • bank regulation  • home equity loans

  • May 2008

    • Asia Financiers Looking Askance at Western Banks

      Economist  |  May 16, 08 4:30 PM CDT

      Asia Financiers Looking Askance at Western Banks

      (Newser) - Bankers and regulators across Asia have grown wary of the big US banks they once invited to underwrite major moves, the Economist reports. One Chinese regulator described the West’s big banks to the magazine as “shit,” among signs the East no longer trusts the West’s wisdom, or its regulation model, in the wake of the subprime collapse and the resulting credit crunch. More »

      Tags

      China  • bank regulation  • HSBC  • Chinese banks

  • April 2008

    • Wachovia Targeted in Drug Money Laundering Probe

      Wall Street Journal  |  Apr 26, 08 7:20 AM CDT

      Wachovia Targeted in Drug Money Laundering Probe

      (Newser) - Federal prosecutors have targeted Wachovia in an investigation into the use of money-exchange houses along the Mexican border to transfer money from US sales to Latin American drug lords, the Wall Street Journal reports. The bank invested heavily in the casas de cambio despite warnings that such firms were often used by drug cartels for money laundering. More »

      Tags

      banking  • Wachovia  • money laundering  • drug cartel  • currency exchange  • bank regulation

    • Small Banks, States Rip Paulson Plan

      Wall Street Journal  |  Apr 1, 08 9:18 AM CDT

      Small Banks, States Rip Paulson Plan

      (Newser) - Small banks, credit unions, states, and assorted politicians wasted no time ripping into the Bush administration’s plans to rework federal regulation of the financial industry, calling it an amateurish attempt by a “bunch of guys from Wall Street,” reports the Wall Street Journal. “It’s because none of those guys ever worked in a regulated, chartered bank," said one lobbyist for small banks. More »

      Tags

      Bush administration  • Henry Paulson  • Treasury Department  • Christopher Dodd  • bank regulation

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