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Published: 02/23/10

'Problem' Banks Are at a 16-Year High

By  Joseph Schuman - AOL News
'Problem' Banks Are at a 16-Year High

(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 ...

Published: 08/21/09

Michelle Obama Debuts on Forbes' List of 100 Powerful Women -- at No. 40

By  Lynn Sweet - Politics Daily
Michelle Obama Debuts on Forbes' List of 100 Powerful Women -- at No. 40

First 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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