Tag Archives: Office Of Thrift Supervision

What Does FDIC Deposit Insurance Cover?

We all remember the “run” on the savings and loan in the movie “It’s a Wonderful Life“.  This is basically what happened that forced the Feds to take over WAMU.  Washington Mutual, which was bought by JP Morgan after being … Continue reading

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Financial Insights Into The Current State Of The U.S. Economy

Here is an article from the FDIC website: Acquisition of Washington Mutual Bank September 25, 2008 Banking operations of Washington Mutual, Inc were sold in a transaction facilitated by the Office of Thrift Supervision (OTS) and the FDIC. All deposit … Continue reading

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Feds Cracking Down on Credit Card Companies

Feds Cracking Down on Credit Card Companies.  The Federal Reserve plans to crack down on credit card issuers claiming that they charge too many hidden fees and raise interest rates on borrowers unfairly. Two other regulators plan to follow suit, … Continue reading

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Greenspan Said Today That the U.S. Economy is in Recession

Former Federal Reserve Chairman Alan Greenspan said today that the U.S. economy was in recession, and said it would be appropriate to tap public funds to resolve the mortgage-related crisis that has helped pull the economy under. Greenspan went on … Continue reading

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