FDIC Chairwoman Bair Too big to fail has become worse. Its become explicit when it was implicit before.
Treasury Sec. Geithner Most consequential choices involve shades of gray, and some fog is often useful in getting things done.
Security Pacific Bank, Los Angeles, California, with approximately $561.1 million in total assets and $450.1 million in total deposits, was closed. Pacific Western Bank, Los Angeles, California has agreed to assume all deposits. (PR-114-2008)
The Community Bank, Loganville, Georgia, with approximately $681.0 million in total assets and $611.4 million in total deposits, was closed. Bank of Essex, Tappahannock, Virginia has agreed to assume all deposits. (PR-123-2008)
Downey Savings and Loan Association, F.A., Newport Beach, California, with $12.8 billion in assets and $9.7 billion in deposits was closed. In a transaction facilitated by the FDIC, U.S. Bank, National Association, acquired the banking operations of Downey Savings and Loan Association, and agreed to assume all deposits.(PR-124-2008)
PFF Bank and Trust, Pomona, California, with $3.7 billion in assets and $2.4 billion in deposits was closed. In a transaction facilitated by the FDIC, U.S. Bank, National Association acquired the banking operations of PFF Bank and Trust, and agreed to assume all deposits.(PR-124-2008)
Beyond Firefighting: Rethinking Financial Market Regulation
Council on Foreign Relations -
(Speakers: William H. Donaldson, Chairman, Donaldson Enterprises)
