Word: failed
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Dates: during 2000-2009
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After IndyMac failed, you said you didn't think institutions of any significant size were going to fail. To what extent were you wrong and to what extent was that being in a position where you have to smile? I was trying to provide some assurance in making that statement, and at that time things had not gotten as bad as they are now. I do think people need to understand that we are there and their insured deposits are protected and come what may they don't need to worry about that. Overall, banks are safe and sound. Some...
Could you give the average American an idea of what to expect going forward? More banks will fail, but if people are insured they just don't have anything to worry about. It's still a low probability that their bank is going to fail, and even if their bank does fail their insured deposits are absolutely protected. We really need credit to keep our economy going and deposits are an important part of keeping credit going. We are asking Main Street to keep faith in the banking system and keep their deposits in banks...
...protect the economy with those focused more on rescuing the economy than on rescuing Wall Street - will not only restore confidence but in due time also enable America to live up to its full potential. Halfway approaches, on the other hand, by continually bringing disappointment, are sure to fail...
...demands for more money suggest that, as Bair told TIME, "more banks will fail." The FDIC's list of troubled banks jumped from 90 to 117 in the second quarter and will surely grow again. Bair is worried about all the new responsibilities her agency is taking on. The new rescue plan requires the FDIC to guarantee not just the new lending by banks but also unlimited deposits in special accounts used primarily by small businesses for things like payroll. Little wonder Bair is cautious: the new program is expected to cover $1.9 trillion, a stunning 42% increase in total...
...semester’s grades may not be out just yet, but for our nation’s public schools, report cards are looking somewhat dismal. This year, according to newly released state-by-state data, the number of schools failing to reach testing targets under No Child Left Behind (NCLB) was far greater than in any other year. Indeed, children are getting left behind, but not because they’re slow. It’s because the NCLB school bus is trying to go 70 miles per hour in the suburbs. The original NCLB legislation had the lofty...