Survival News Network

All dogs are to be compulsorily microchipped so that their owners can be more easily traced under a crackdown on dangerous dogs to be unveiled today.
The package will include extending the dangerous dogs law to cover attacks by dogs on private property to protect postmen, and making third-party insurance compulsory so that victims can be [...]

All dogs are to be compulsorily microchipped so that their owners can be more easily traced under a crackdown on dangerous dogs to be unveiled today.
The package will include extending the dangerous dogs law to cover attacks by dogs on private property to protect postmen, and making third-party insurance compulsory so that victims can be [...]

 
Regulators shut down banks in Nevada and Washington on Friday, marking the 21st and 22nd failures this year of federally insured banks.
The Federal Deposit Insurance Corp. was appointed receiver of Carson River Community Bank, based in Carson City, Nev. and Rainier Pacific Bank in Tacoma, Wash.
Carson River Community Bank had $51.1 million in assets and [...]

The Federal Deposit Insurance Corporation is bracing for a new wave of bank failures that could cost the agency many billions of dollars and further strain its finances.
With bank failures running at their highest level in nearly two decades, the F.D.I.C. is racing to keep up with rising losses to its insurance fund, which [...]

Nine more U.S. banks, all owned by the same Illinois holding company, were closed Friday by regulators, and the Federal Deposit Insurance Corp. said U.S. Bank of Minneapolis would assume their deposits.
The closings brought the 2009 total to 115 in 2009 — the first year since 1992 that more than 100 banks have gone under.…The [...]

House Majority Leader Steny Hoyer (D-Md.) said that the individual health insurance mandates included in every health reform bill, which require Americans to have insurance, were “like paying taxes.” He added that Congress has “broad authority” to force Americans to purchase other things as well, so long as it was trying to promote “the general [...]

Atlanta’s Georgian Bank became the 95th bank failure of the year, according to the Federal Deposit Insurance Corp. on Friday.

Source/Full Story: MarketWatchTechnorati Tags: Georgian Bank

The Federal Deposit Insurance Corp. is weighing several costly — and never-before-used — options as it struggles to shore up the dwindling fund that insures bank deposits.
The agency is considering borrowing billions from healthy banks. Alternatively, it may impose a special fee on the banking industry.
Each option carries risk: Drawing money from healthy banks would [...]

Guaranty Bank of Austin, Tex. became the 81st bank failure of 2009 after it was closed by Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corp. as receiver, the federal agency said late Friday. The FDIC said it has entered into a “purchase and assumption agreement” with BBVA Compass of Birmingham, Ala. As [...]

The Federal Deposit Insurance Corp. is gearing up to handle a large number of bank failures expected as a result of bad mortgages, both in residential and commercial real estate, an economist says.
“They know they’re going to take down a large number of banks and they can’t do it until they’re staffed up,” said Mark [...]

Seven banks were shut down by authorities Thursday, pushing the tally of failed banks for 2009 to 52, more than doubling the failures in 2008.
Six regional banks in Illinois and one in Texas closed their doors, according to the Federal Deposit Insurance Corporation.
The rash of Illinois failures are interlinked: All six banks were controlled [...]

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Republican leaders in both the House and Senate voiced opposition Thursday to the Obama administration’s plan to establish a government-run health insurance entity, saying it makes no sense to give government control over health care.
House Minority Leader Rep. John Boehner (R-Ohio) said that House Republicans were against Obama’s idea, “period.” Boehner said that any American [...]

Bank of Lincolnwood in Lincolnwood, Ill. became the 37th bank of the year to fail and the sixth Illinois bank failure in 2009, according to Federal Deposit Insurance Corp. Friday. Republic Bank of Chicago in Oak Brook, Ill. will assume all the bank’s deposits. As of May 26, Bank of Lincolnwood had total assets of [...]

The recession is driving the safety net of government benefits to a historic high, as one of every six dollars of Americans’ income is now coming in the form of a federal or state check or voucher.
Benefits, such as Social Security, food stamps, unemployment insurance and health care, accounted for 16.2% of personal income in [...]

…With unemployment rising to its highest level in more than a quarter century, more Americans are confronting the double crisis of losing both their jobs and their employer-sponsored insurance, which covers 177 million people.
Many unemployed Americans say they cannot afford the high premiums insurance companies charge for personal policies. People like Furchak and Drake who [...]

…With unemployment rising to its highest level in more than a quarter century, more Americans are confronting the double crisis of losing both their jobs and their employer-sponsored insurance, which covers 177 million people.
Many unemployed Americans say they cannot afford the high premiums insurance companies charge for personal policies. People like Furchak and Drake who [...]

Gov. Arnold Schwarzenegger is proposing to completely eliminate the state’s welfare program for families, medical insurance for low-income children and Cal Grants cash assistance to college and university students.The proposals to sharply scale back the assistance that California provides to its neediest  residents came in testimony by the administration this afternoon at a joint legislative [...]

BankUnited Financial , the largest lender based in Florida, was shut down by banking regulators and sold to a group of private-equity firms, the Federal Deposit Insurance Corp. said late Thursday….
Source/Full Story: MarketWatch

Four banks in Georgia, Michigan, California and Idaho were
closed by regulators Friday, costing the Federal Deposit Insurance
Corp.’s deposit insurance fund nearly $700 million as the effects of
the credit crisis continued rippling throughout the U.S. economy.
Source/Full Story:: MarketWatch
American Southern Bank of Kennesaw, Ga. was closed by the Georgia Department of Banking and Finance, the Federal [...]

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Stockbridge, Ga.-based FirstCity Bank was closed by regulators Friday, marking the 18th U.S. bank failure of 2009. The Federal Deposit Insurance Corporation said in a statement that it will mail checks to insured depositors Monday morning, and that FirstCity’s direct deposits from the federal government such as Social Security and Veterans’ payments will be transferred [...]

Source:  Reuters
The worsening U.S. economy prompted the Federal Deposit Insurance Corp on Friday to double its projected U.S. bank failure costs to more than $80 billion over a five-year period ending in 2013.
The 25 U.S. bank failures in 2008 cost the agency $18 billion, the FDIC said. Another $65 billion in bank failure costs is [...]

Source: MarketWatch
FirstBank Financial Services of McDonough, Ga. became the seventh bank of 2009 to fail and the 32nd of the recession on Friday, according to the Federal Deposit Insurance Corporation. Regions Financial Corp. said it will assume about $285 million in total deposits from FirstBank, and that the FDIC will retain most of FirstBank’s loan [...]

Source:  MarketWatch
Federal regulators closed three banks in a single day Friday, as the ongoing credit crisis showed no signs of abating.
Utah’s MagnetBank became the fourth bank failure of the year, and the Federal Deposit Insurance Corp. was forced to directly refund depositors after being unable to find another institution willing to take over its operations.
That [...]

Source: MarketWatch
Berkeley, Ill.-based National Bank of Commerce was closed by regulators Friday, marking the first bank failure of 2009, the Federal Deposit Insurance Corporation said in a statement. Republic Bank of Chicago will assume all of National Bank of Commerce’s deposits, while the two locations of National Bank of Commerce will reopen Saturday as branches [...]

Source: Reuters
The number of U.S. workers filing new claims for jobless benefits jumped by 30,000 to a 26-year peak last week, government data on Wednesday showed, as the country’s year-long recession continued to chill the labor market.
Initial claims for state unemployment insurance benefits rose to a seasonally adjusted 586,000 in the week ended Dec [...]

Source: MarketWatch
Haven Trust Bank of Duluth, Ga. fails
The Federal Deposit Insurance Corporation said late Friday that Haven Trust Bank of Duluth, Ga., was closed by the Georgia Department of Banking and Finance. The failure not only marks the 24th bank failure of the year, but the fifth in the Atlanta area. The FDIC was [...]