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6 Oct 2008, 5:16 am
McCain intervened on behalf of Charles Keating with federal regulators tasked with preventing banking fraud, and championed legislation to delay regulation of the savings and loan industry -- actions that allowed Keating to continue his fraud at an incredible cost to taxpayers. [read post]
6 Oct 2008, 3:22 am
Many of us who practice banking law had a "WTF? [read post]
5 Oct 2008, 6:14 pm
Discover Bank (federal court jurisdiction re: state law arbitration claims). [read post]
5 Oct 2008, 4:00 am
Discover Bank (07-773), on whether federal courts have jurisdiction over motions to compel state-law arbitration claims that do not themselves raise questions of federal law. [read post]
3 Oct 2008, 7:42 pm
It would immunize the IRS from a passel of federal laws, including permitting IRS agents to run businesses for an extended sting operation, to open their own personal bank accounts with U.S. tax dollars, and so on. [read post]
2 Oct 2008, 2:51 am
On Friday, OTS Director John Reich defended the value of multiple federal banking regulators. [read post]
1 Oct 2008, 11:07 pm
" "One step we could take to potentially broaden support for the legislation and shore up our economy would be to expand federal deposit insurance for families and small businesses across America who have invested their money in our banks," Obama said. [read post]
1 Oct 2008, 8:13 pm
Federal corporate tax revenues currently amount to 1.7% of the GDP compared to 5% in the 1950s. [read post]
1 Oct 2008, 12:35 pm
Second, it helps a consumer confidence generally, by showing that the Federal government will offer even greater theoretical backing of banks (even if it has real little impact). [read post]
1 Oct 2008, 6:25 am by Elder Law Today
Many seniors grew up during the Great Depression of the 1930’s and remember the Savings and Loan scandal of the late 1970’s and early 1980’s. [read post]
30 Sep 2008, 8:04 pm
(a) A managing agent of a common interest development who accepts or receives funds belonging to the association shall deposit all such funds that are not placed into an escrow account with a bank, savings association, or credit union or into an account under the control of the association, into a trust fund account maintained by the managing agent in a bank, savings association, or credit union in this state. [read post]
30 Sep 2008, 2:34 pm
  As the CEO of the first bank to go, the bridge-and-golf-playing James Cayne doesn't have good optics, but he did leave before the collapse. [read post]
29 Sep 2008, 6:18 pm
Now I help thousands of Americans beat Uncle Sam and save thousands of dollars. [read post]
29 Sep 2008, 4:35 pm
First, in light of historic bank failures, even with the largest federal intervention in the history of the mortgage market, we need a government entity, a modern-day Homeowners Loan Corporation, referred to as HOLC -- H-O-L-C -- or we need to build on the Resolution Trust Corporation created to help deal with the Savings and Loan Crisis. [read post]
29 Sep 2008, 4:11 pm
But he is shaking his head about why I'm looking into moving my savings account money from the bank where we have our separate and joint accounts.Since we're both a little on the "older" side, we've got a nice amount of savings in the bank. [read post]
29 Sep 2008, 12:05 pm
The federal government will now have to oversee and manage a bailout of enormous magnitude involving complex mortgage-backed securities so byzantine in their [...] [read post]
28 Sep 2008, 4:48 am
# # # Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. [read post]
26 Sep 2008, 10:12 pm
  If they are right, the $700 bailout is saving some investment bankers' jobs in the short term, but overall it is just making the financial system worse. [read post]
26 Sep 2008, 10:12 pm
  If they are right, the $700 bailout is saving some investment bankers' jobs in the short term, but overall it is just making the financial system worse. [read post]