Federal Deposit Insurance Corporation Video & Audio

“…Sheila -- those sending a clear signal that the government in the FDIC want these banks to go to the private market before returning to the government. …”

“…have been doing so. I think we will see a convergence of politics and economics in the banking in the auto industry at least for another quarter two. And on the interest rate market and …”

“…financial institutions because. We are seeing depositors keep more money in the FDIC allows in some of these banks and as a consequence they're losing money we saw that -- Beverly Hills -- solid indymac -- we had more than 10000 depositors lose over one billion dollars because they were well over the FDIC -- so message want to stay under those FDIC limits and that's a 100000 -- per account it's 25200. -- okay -- but that's temporary eight months from now on January 1 2010 might. The limit those from 250000. Down 200000. Why are they reducing it well it was a temporary measure to stop the run on the banks last fall. And so what the FDIC did was come out and say look we're going to shore up these banks and will increase the FDIC limits and that way -- stop people from withdrawing money before literally taking it out now the nineteen major banks we're supposed …”

“…serviced many other financial institutions in that area it's gonna cost the FDIC about one point four billion to bail outs Overton. So it there there was another bank to these banks have anything in …”

“…We did we had four banks. Be taken over by the FDIC on Friday night he got -- very little press or fanfare. But it was you know billion and a half deposits it cost the FDIC 690. Million dollars. And depositors to those banks lost money because they had funds invested in those banks. Or over and above the FDIC -- so let's talk more about the impact on the people that thanks to those banks and they overall impact on the economy. Well be that thing to remember is you know. Don't go over the FDIC limit its 250000. Dollars per account and evidently some depositors in the Beverly Hills bank and when bank went bust. Head over …”

“…strength of their balance sheet doesn't that bad banking commission are the FDIC a somebody. Say -- whoa whoa whoa wait a minute. Social stigma to be damned it's it's more important that you be …”

“…by its discount well. It's the way it works is that the FDIC. . Has lots of money to lend you to help you to help make this transaction work and maybe 8085%. So what you're …”

“…decision bought time for subsequent actions by the congress the treasury the FDIC. . And the Federal Reserve. To have avoided further failures it's definitely important institutions. And supported improvement in key credit markets. Having led …”

“…put up just 7%. The treasury would match with 7%. And the FDIC -- government would -- the last 86%. -- runs the more and banking law center at Boston University there are still details …”

“…And having the government as its partner and also it's financier that FDIC. . Is prepared to finance. A very substantial majority of these transactions. And where the problem I think is is on the other …”

“…a situation and about the -- in another drug baron CD the FDIC. . A and it's so easy there's so many banks all over the place trot yourself across the street did open a different …”

“…in which investors buy securities. Backed by consumer debt. And using the FDIC. . To buy toxic assets. There's so much money involved the government needs to partner with private investors. But some feared the fallout …”