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FDIC Chief Got Bank of America Loans While Working On Its Rescue

Sheila Bair, one of the chief regulators overseeing Bank of America’s federal rescue, took out two mortgages worth more than $1 million from the banking giant last summer during ongoing negotiations about the bank’s bailout and its repayment.

By Keith Epstein and David Heath
21 January 2010

Florida Bank's Failure Paints Picture of Regulatory Lapses

The FDIC spent $100 million to shutter Ocala National Bank last year--a tiny fraction of the billions spent on big bailouts. But the Ocala story carries lessons far beyond its size, showing how regulators condoned speculative lending by hundreds of smaller banks.

By Keith Epstein14 December 2009

When Banks Fail, So Do Those Promised CD Rates

Americans have invested some $2.6 trillion into fixed-term CDs, popularly assumed to be among the safest federally insured savings. But it turns out that when banks fail, the government routinely allows the new owners to cut interest rates on CDs that were previously sold.

By Keith Epstein3 November 2009