PBS Frontline “Inside The Meltdown”
- March 12, 2009
If you didn’t get a chance to see this on TV when it orginally aired you can watch it online. The...
Accounting for Loan Losses-GAAP vs. RAP…Not Again!
- March 9, 2009
This issue is a lot like the Rocky movies. Just when you think it's over they make another movie! Last week U.S. Comptroller of the Currency, John Dugan said that the accounting rules need to be changed to allow banks to reserve for future losses in the loan portfolio so that earnings would be less volatile. Didn't we just spend the last 14 years hashing out this issue and finally eliminating any differences?
Bair Acknowledges Strong Banker Reaction to Special Assessment
- March 3, 2009
Oklahoma Bankers Association President and CEO Roger Beverage joined a conference call yesterday with FDIC Chairman Sheila Bair and expressed the views of Oklahoma bankers regarding the FDIC proposed special assessment. Here is an article the OBA published on March 2, 2009:
FDIC Special Assessment Generates Banker Fury
- March 3, 2009
The Oklahoma Bankers Association posted an article on their website yesterday with the above headline. Fury is a good description of what I am hearing from community bankers throughout the Midwest.
By Switching Their Charters, Banks Skirt Supervision
- January 22, 2009
At least 30 banks since 2000 have escaped federal regulatory action by walking away from their federal regulators and moving under state supervision, taking advantage of a long-standing system that allows banks to choose between federal and state oversight, according to a Washington Post review of government records.
Treasury Releases Special TARP Terms for S Corporation Financial Institutions
- January 16, 2009
Under its administration of the troubled asset relief program (TARP), the Treasury has updated its term sheet and released answers to frequently asked questions (FAQs) to provide relief to qualified financial institutions thatare S corporations.
Proposed Interagency Appraisal and Evaluation Guidelines Issued
- January 7, 2009
The major federal bank, thrift and credit union regulators issued proposed Interagency Appraisal and Evaluation Guidelines that clarify risk management principles and internal controls for ensuring that financial institutions’ real estate collateral valuations (both appraisals and evaluations) are reliable and support their real estate-related transactions.
A Quiet Windfall For U.S. Banks
- December 24, 2008
The financial world was fixated on Capitol Hill as Congress battled over the Bush administration's request for a $700 billion bailout of the banking industry. In the midst of this late-September drama, the Treasury Department issued a five-sentence notice that attracted almost no public attention.
Options For Distressed Debt
- December 15, 2008
One result at the credit crisis that has rocked this nation's financial system over the past year has been an abundance of distressed debt for sale in the commercial marketplace. Well, one man's trash may indeed be another man's treasure, since a growing number of firms are interested in purchasing this debt.