Wednesday, October 1, 2008

Call for FDIC Increase Well-Received

Mortgage News Headlines
10/1/2008  
...
  Call for FDIC Increase Aimed at Reassuring Bank Customers
  Wed, 1 Oct 2008 06:18:49 EST

It seems miraculous, but on Tuesday when Senator Barack Obama called for an increase in federal deposit insurance deposit levels, no one disagreed with him. In fact the other major party political candidate Senator John McCain reiterated the need for an increase, even crediting Obama for the idea, as did President Bush. In the late afternoon Federal Deposit Insurance Corporation (FDIC) chairperson Sheila Bair also called for the increase.


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TODAY'S VIDEO NEWS

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CNBC Videos
10/1/2008 8:51:25 AM
A look at the future of the bailout and housing, with Ara Hovnanian, Hovnanian Enterprises president/CEO

CNBC Videos
10/1/2008 9:22:53 AM
A preview of what to expect from the Senate vote today, with Sen. Bob Corker, R-TN

CNBC Videos
10/1/2008 6:48:09 AM
Understanding the financial crisis and identifying the best solutions, with Joseph Stiglitz, Nobel Prize Winner/Columbia University professor

CNBC Videos
10/1/2008 7:28:23 AM
Two years ago, the urge to merge for financials was a strategic move and not a necessary one, with John Kanas, WL Ross & Co. senior advisor

CNBC Videos
10/1/2008 7:36:15 AM
The Senate is expected to vote on a rescue package today, reports CNBC's John Harwood


 
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