Why Worry About Bank Failures?
Depositors Must Retain Confidence
Depositor confidence in the banking system is vital to the working of the modern economy. Banks lend out money assuming that they are not going to face a situation where all their depositors demand to withdraw funds simultaneously. At the same time, depositors entrust their money to [...]
Congress Calls for Financial Overhaul to Help Debt Relief
Regulating the Banking System
Due to the recession, people are looking for debt relief more than ever. Credit lenders are no longer as readily available as they once were. Mortgages are difficult to handle. The unemployment rate continues to rise. Because of these problems, the Obama administration is calling for a [...]
Obama on Jay Leno | President Talks About Lending, Energy
Economy the main topic on “Tonight Show”
President Barack Obama became the first sitting president to appear on a television talk show last night when he sat down with Jay Leno on “The Tonight Show.”
Among other topics, Obama and Leno discussed bank bailouts and when lending and personal loans would be [...]
Banks Shut Down in Nevada and Illinois | Total Closures This Year 16
Nevada Security Savings Bank shuttered
Only two months into the year, already 16 banks in the United States have been shut down. Nevada Security Savings Bank closed its doors Friday.
Regulators shut down the bank and turned deposits over to the Bank of Nevada, based in Las Vegas. Security Savings Bank had $175.2 [...]
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