Word: seidman
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Many thrift experts attribute the near paralysis to the way Congress -- at the Administration's insistence -- split responsibility for the rescue between two groups. The RTC's operations are supervised by William Seidman, head of the Federal Deposit Insurance Corporation, an independent agency that polices the banking industry. But a separate panel called the RTC Oversight Board, which is chaired by Treasury Secretary Nicholas Brady, decides RTC policy and controls its funding. Congress agreed to give the Treasury a role so that the Administration would have a major stake in the bailout, but dividing responsibility has prompted feuding between...
...more years. Fortunately for Keating, FHLBB head Gray was replaced by the very sympathetic M. Danny Wall, a former aide to Utah's Republican Senator Jake Garn. Wall transferred responsibility for Lincoln from San Francisco to Washington. At House Banking Committee hearings on Oct. 17, L. William Seidman, head of the Resolution Trust Corp. and chairman of the Federal Deposit Insurance Corporation, criticized Wall for keeping Lincoln open. As a result, the federally guaranteed cost of paying back Lincoln's depositors went up $1.3 billion, to $2.5 billion. Nationwide, the whole debacle of rescuing failing S&Ls will...
...HRAAA Overseer Gay W. Seidman '78 saidcelebrities "have every right to assume that theirname is being used and that they're not expectedto be as involved...
Kirk said Alumni Association representativesasked him if he would have the time to serve onthe Board before nominating him. And Seidman notedthat since Gore's presidential campaign ended, thesenator has been "an extraordinarily involved,active member...
...Seidman said talks with investors will resume after the FDIC takes control of the remaining insolvent S & Ls. But since the FDIC said it would then allow only deals that were supported by the cash of the FSLIC -- a fund that is currently bankrupt -- more Government-assisted sales would seem unlikely. The FDIC might also try to renegotiate some of last year's sweet deals...