FDIC

FDIC sues Ga.-based law firm Smith Welch & Brittain for legal malpractice

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The Federal Deposit Insurance Corp. (FDIC) has sued a law firm in Henry County, Georgia, and one of its partners, accusing them of professional negligence, legal malpractice and other misconduct related to multi-million dollar real estate loans that contributed to the 2009 collapse of Neighborhood Community Bank (NCB) in Newman.

Bank vs. Non-Bank Battle for Consumers Heats Up

A woman walks by a BB&T bank branch in Washington, August 14, 2009.
Amid growing competition from non-banks, BB&T bank, which has locations primarily in the southeastern and mid-Atlantic U.S., is now offering a new prepaid checking account which comes with a Visa-branded debit card.
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White House backs standard for mortgage servicers

The Obama administration favors creating a national standard for mortgage servicers such as Bank of America Corp and JPMorgan Chase & Co that have been accused of botching home foreclosure procedures.
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U.S. Senator Jim Bunning (R-KY) testifies before the House Committee on Government reform in Washington March 17, 2005.

Senator says mortgage crisis risk remains

Sen. Jim Bunning, R-KY expressed anger Wednesday that the potential for another mortgage crisis remains, despite efforts to deal with the mortgage crisis over the past decade.
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Continous money printing will drive gold ever higher: An Interview with Mr. Rose, CEO of Capital Gold Group

With our debt coming to maturity in the next ten years, which we cannot afford to pay, printing money seems to be our only option, which we feel is going to spur inflation, if not hyperinflation. We also feel if we adjusted gold for the inflationary highs of the 80's, gold bullion should already be at $2,200 an ounce, so we feel very strongly about a further drive up in gold over the next five years.

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