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Walker Recall Effort Struggles To Gain Momentum
Controversial Book On Obama Appears To Have Lifted Key Quote
Sheila Bair
Feds Escalate Investigations of Foreclosure Practices
By Joseph Schuman - AOL News
(Oct. 25) -- The multiple federal agencies investigating questionable foreclosure practices at the nation's largest mortgage servicers have banded together and plan to announce their preliminary findings in November. The news, announced by Federal Reserve Chairman Ben Bernanke today, came amid nascent signs of stabilization in the housing market, where persistent weakness has continued to undermine the economic recovery. A halt in the wave of foreclosures has threatened to freeze home sales as officials try to verify the ownership of foreclosed homes. "We are looking intensively at the ...
'Problem' Banks Are at a 16-Year High
By Joseph Schuman - AOL News(Feb. 23) -- The number of American banks in trouble soared in 2009 to the worst level in 16 years, and though the banking industry showed signs of recovering, the Federal Deposit Insurance Corp. said Tuesday that tough times lie ahead. By the end of 2009, 702 institutions were operationally and financially weak enough to be classified by the FDIC as problem institutions whose viability was in question, up from 552 problem banks at the end of September and just 252 troubled lenders at the end of 2008. Assets at the troubled banks totaled $402.8 billion, up from just $159 billion a year ...
Michelle Obama Debuts on Forbes' List of 100 Powerful Women -- at No. 40
By Lynn Sweet - Politics DailyFirst Lady Michelle Obama, about to round out the summer with a stay on Martha's Vineyard, perhaps packing those shorts for the trip, debuted on the Forbes list of 100 Most Powerful Women -- at No. 40. Given that the list is heavily tilted to CEOs and world leaders, it seems a reasonable slot. German Chancellor Angela Merkel was No. 1 and Sheila Bair, chairman of the Federal Deposit Insurance Corp., was No. 2. Readers of DailyFlotus.com will note that Bair made Oprah Winfrey's first-ever "Power List," which, now that I think about it, omitted Mrs. Obama. But Winfrey had only 19 living women ...
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