With the unemployment rate hovering just shy of 10 percent and Washington focused on job creation, President Obama this month called on Congress to approve a plan that would take $30 billion in repaid TARP funds and make it available for small banks to lend to small businesses.
“We’re More…
Kevin Drum at Mother Jones applauds the idea of a single bank regulator, a proposal The Washington Post reports is now under consideration by the Obama administration.
For what it’s worth, I’d say that having a single bank regulator is long overdue. The current structure not only doesn’t
Now it’s the life insurance industry’s turn for a bailout, The Wall Street Journal reports today. The Treasury Department has approved allowing life insurance companies to participate in the Troubled Assets Relief Program, according to The Journal. A formal announcement should come within days. Life insurance companies that own More…
Just a few months ago, after the failures of Washington Mutual and IndyMac Bancorp shook the financial world, industry consultant Bert Ely would have bet it was time to shut down the Office of Thrift More…
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