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...Capital Markets analyst Gerard Cassidy says the U.S. banking system at the end of 2006 was more exposed to commercial real estate than at any other time that regulators have measured. That exposure, Cassidy believes, could result in as many as 1,000 bank failures by the end of 2012. "All the indicators on commercial real estate that we have seen suggest that there are real problems ahead for regional banks," says Cassidy. "It is just going to take a little while to get there...

Author: /time Magazine | Title: Financial Woes Spread to Smaller Banks | 5/22/2009 | See Source »

...level of $250,000 per account, at banks across the nation. At the end of last year, the FDIC had only $19 billion left to cover future failures. That's the lowest the FDIC's insurance fund has been in more than 15 years. As a result, on Friday the FDIC decided to raise the fee it charges large banks for deposit insurance. Also, President Obama recently agreed to allow the FDIC to borrow as much as $100 billion, up from $30 billion, from the Treasury if its recovery fund needs...

Author: /time Magazine | Title: Financial Woes Spread to Smaller Banks | 5/22/2009 | See Source »

...committee. The advising office faces the “loss of one assistant dean,” whose responsibilities would have included overseeing new advising programs that would cater to athletes and international students, according to the document. There is no indication from the document that a layoff will result from the elimination of the position. According to Omar M. Abdelsamad ’09, who is a student on the advising committee, most of the programming cuts were not essential. “All the advising events you go to have a lot of food, as a rule...

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Advising Programs, Events Face Cuts | 5/22/2009 | See Source »

...timetable for talks is obviously less important than the result, however, so the key question facing Obama is this: Can Washington and Tehran agree to a compromise on Iran's nuclear program, and would such a formula be acceptable to the Israelis...

Author: /time Magazine | Title: Iran's Missile Test: A Message to Obama | 5/22/2009 | See Source »

...isolated farmhouse 20 miles south of Baghdad. On May 21, after deliberating about a death sentence for 10 hours over two days, a jury of nine women and three men in the U.S. District Court in Paducah, Ky., declared they could not come to a unanimous decision. As a result, Green will receive an automatic sentence of life in prison without parole...

Author: /time Magazine | Title: When a Soldier Murders: Steven Green Gets Life | 5/21/2009 | See Source »

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