MoneyRates Blog
Bank Bailouts 2009: Check Your Bank’s Rates and Fees
March 9, 2009
By Clark Schultz | Money-Rates Columnist
By Clark Schultz | Money-Rates Columnist
The U.S. Senate behind Banking Committee Chairman Christopher Dodd is proposing that the FDIC be allowed to borrow as much as $500 billion from the Treasury Department. The proposal came after FDIC Chairman Sheila Bair publicly stated last week that the insurance fund was underfunded to meet potential bank failures in the future. Americans are already [...]
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Is Citigroup too Big to Fail?
January 18, 2009
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
The latest news from Citigroup Inc. is their deal with Morgan Stanley which combines their brokerage business which runs under the Smith Barney name and the wealth management business operated by Morgan Stanley. The deal brings Citi some much-needed cash, but won’t let them escape from their sub-prime nightmare. Already as a recipient of TARP [...]
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