The Financial Times reports that U.S. financial regulators are considering new ratios for banks to determine the dependence on short-term borrowing: US banks face short-term borrowing rules ... “Capital is critical, but liquidity enhancement is a necessary piece of the puzzle,” said Kevin Bailey, deputy comptroller [OCC] ... [...more]
In Delaware from The News Journal: Justison Landing developer to auction condos In a risky strategy to move condominiums, the developers of the much-ballyhooed Justison Landing complex on Wilmington's Riverfront plan to auction off a third of the units in the waterfront community next month. ... Robert Buccini, a partner in Buccini/Pollin Group Inc [...more]
From the WaPo: As Subprime Lending Crisis Unfolded, Watchdog Fed Didn't Bother Barking ... [...more]
The American University School and MSNBC have created a tool for tracking the "troubled asset ratio" for banks. This tool allows you to search for individual banks. [...more]
From the WaPo: Barney Frank Talks Back A couple of excerpts: Klein: What's the most important part of financial regulation? Frank: Limiting securitization. I believe the single biggest issue here is that people invented ways to lend money without worrying if they got paid back or not by securitizing the loan. [...more]
A quote from Bloomberg: Strauss-Kahn Says Crisis Consequences Will Last Long Time “We will still have rising unemployment at least for a year,” [International Monetary Fund Managing Director Dominique] Strauss-Kahn said via videolink in an address to the Yalta European Strategy Conference from Washington. [...more]
From Peter Hong at the LA Times: Don't bank on your home as an ATM (ht Ann). A few excerpts: For generations of Americans, a home was seen not simply as a dwelling, but as an engine of personal wealth. That view was promoted by the home-building and real estate sales industries as well as the U.S [...more]
From the NY Times: Group of 20 Agrees on Far-Reaching Economic Plan The leaders pledged to rethink their economic policies in a coordinated effort to reduce the immense imbalances between export-dominated countries like China and Japan and debt-laden countries like the United States, which has long been the world’s most willing consumer. The United States will be expected to increase its savings rate, reduce its trade deficit and address its huge budget deficit [...more]
This is an unofficial list of Problem Banks. Changes and comments from surferdude808: Another week with significant changes to the Unofficial Problem Bank List as the FDIC released its enforcement actions for August. We will not get another release from the FDIC until the end of October [...more]
Atlanta Georgia Just five simple syllables Foreclosure central by Rob Dawg (SGIP out today) From the FDIC : First Citizens Bank and Trust Company, Incorporated, Columbia, South Carolina, Assumes All of the Deposits of Georgian Bank, Atlanta, Georgia Georgian Bank, Atlanta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. .. [...more]
Copyright © TekPop. CPA Networks by 
