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...their money is safe? Right now we are getting into a confidence situation where even relatively healthy institutions are subject to liquidity stress just because nobody trusts anybody. I think the best way to tackle this is to tell people to have confidence in the system. We're asking Main Street depositors to have confidence in the banking system, and banks should have confidence in each other, too. Look at the numbers. Most banks still have strong capital and loan loss reserves. They have the capability to withstand this if we all keep our heads and maintain confidence in each...
...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...
...become pivotal in a crisis. When that happens, the real fighting begins. In this case, the war between small depositors who have managed their money carefully and large, institutional banks that have gambled and lost is playing out across the American economy. So far, Bair has worried about Main Street while working overtime to limit the damage on Wall Street. In the past month, she's overseen the "resolution" (meaning, in a banker's lexicon, the "failure and sale") of the country's sixth largest bank, Washington Mutual, and helped negotiate the forced sale of superregional Wachovia bank to Citi...
...scandal, not surprisingly, has sparked all sorts of speculation and questions. Political insiders said rumors of Mahoney's philandering had surfaced for years, so who leaked this story now? Why are the ABC story's main sources former and current campaign staffers? And will the state and national party vigorously defend Mahoney, who is not considered a rising star...
...This is Ortega's main vulnerability, which is making it very difficult for him to recapture the image of the great Latin American revolutionary leader like Fidel Castro," said Maria Teresa Blandon, an activist with Nicaragua's Feminist Movement...