usatoday.com - 10/20/2009
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As the Federal Deposit Insurance Corp. braces for the 100th bank failure this year — the most since 1992 — Bair warned that small community banks are struggling to compete against behemoths such as Citigroup and Bank of America . The reason: Last year's $700 billion bank bailout proved that the ...
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The Note's Must-Reads for Tuesday, October 20, 2009
The Note —
... ink” LINK
The Hill's Silla Bush: “Oversight hearing to examine new documents on BofA deal” LINK
USA Today's Paul Davidson: "Deflation fears persist amid beginning of economic recovery" LINK
USA Today's Sandra Block: "Latest bank fee is for paying off credit card on time every month" LINK
USA Today's Paul Wiseman and Pallavi Gogoi: " FDIC chief: Small banks can't compete with bailed-out giants" LINK
CONGRESS:
The Los Angeles ...
Too Big To Fail, Too Small To Survive
The Huffington Post | Full News Feed —
... "'Too big to fail' has become worse," FDIC chair Sheila Bair told USA TODAY last week. "It's become explicit when it was implicit before. It creates competitive disparities between large and small institutions, because everybody knows small institutions can fail. So it's more expensive for them to raise capital and secure funding." ...
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