Word: deposited
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Dates: during 2000-2009
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Sheila Bair, head of the Federal Deposit Insurance Corporation (FDIC), is working hard to reassure everyone that her banks, all 8,305 of them, are safe. Repeating her familiar mantra Wednesday on the CBS Morning Show, Bair said of FDIC-protected accounts, "Nobody's ever lost a penny of insured deposits...
...least, that's one way of looking at it. You could also say bank nationalization began in 1984 when regulators decided that Continental Illinois, then the nation's seventh largest bank, was too big to fail and put the Federal Deposit Insurance Corporation (FDIC) in charge of it. Or maybe the crucial moment came in 1933 when Congress decreed that small depositors should be protected from bank failures by the FDIC. Or in 1913 when Congress created the Federal Reserve System to halt banking panics and regulate the money supply. (See pictures of the stock market crash...
...beginning of her first marriage and her bewilderment over what Hollywood wanted her to become. (Interested publishers are advised not even to bother asking.) Several years ago, worried about leaving the diaries behind as she globe-hopped from one job to the next, she locked them in a safety-deposit box in London. The morning after she won the British Academy Award for Best Actress, she decided to retrieve them and revisit her younger self, a girl who was "absolutely desperate to be out in the world on my own two feet...
...There are a number of clever ways that will mandate how the principal will be handled. According to Bloomberg, "Like earlier efforts from the Federal Deposit Insurance Corp. and housing industry groups, the new plan will make use of interest-rate reductions, loan extensions and so-called principal forbearance, in which part of a mortgage's principal is deferred to the end of the loan's term...
...complaint says Stanford perpetrated a "massive fraud based on false promises and fabricated historical return data to prey on investors." The alleged fraud centers on an $8 billion certificate-of-deposit (CD) program. (Read about Stanford's love of cricket...