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  • Editor's pick
    • BASRA, IRAQ - OCTOBER 18:  People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve. From Getty Images.

      BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.

    • Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008. From Reuters Pictures by Reuters.

      Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.

    • A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean. From Reuters Pictures by REUTERS.

      A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.

    • BANGKOK, THAILAND - AUGUST 30:  A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej. From Getty Images.

      BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.

  • Hot off the wire
    • A Buddhist monk looks on in Phnom Penh, Cambodia Thursday, Jan. 8, 2009. Buddhism is the predominate religion in Cambodia. From AP Photo by David Longstreath.

      A Buddhist monk looks on in Phnom Penh, Cambodia Thursday, Jan. 8, 2009. Buddhism is the predominate religion in Cambodia.

    • The cast of "House" including actors Hugh Laurie (3rd R) and Jennifer Morrison (4th R), pose backstage after winning the award for Favorite TV Drama at the 35th annual People's Choice awards in Los Angeles January 7, 2009. From Reuters Pictures by REUTERS.

      The cast of "House" including actors Hugh Laurie (3rd R) and Jennifer Morrison (4th R), pose backstage after winning the award for Favorite TV Drama at the 35th annual People's Choice awards in Los Angeles January 7, 2009.

    • TOKYO - JANUARY 08:  Former sumo wrestler Jesse Takamiyama (L) demonstrates the ease of the Electronic System for Travel Authorization (ESTA) at the U.S. Embassy on January 8, 2009 in Tokyo, Japan. The system will become mandatory on January 12 to all nationals or citizens of the Visa Waiver Program (VWP) countries. From Getty Images.

      TOKYO - JANUARY 08: Former sumo wrestler Jesse Takamiyama (L) demonstrates the ease of the Electronic System for Travel Authorization (ESTA) at the U.S. Embassy on January 8, 2009 in Tokyo, Japan. The system will become mandatory on January 12 to all nationals or citizens of the Visa Waiver Program (VWP) countries.

  • Recently starred
    • WASHINGTON - JANUARY 07:  U.S. President George W. Bush (C) meets with President-elect Barack Obama (2nd-L), former President Bill Clinton (2nd-R), former President Jimmy Carter (R) and former President George H.W. Bush (L) in the Oval Office January 7, 2009 in Washington, DC. On January 20, 2009 Barack Obama will be sworn in as the nations�s 44th president. From Getty Images.

      WASHINGTON - JANUARY 07: U.S. President George W. Bush (C) meets with President-elect Barack Obama (2nd-L), former President Bill Clinton (2nd-R), former President Jimmy Carter (R) and former President George H.W. Bush (L) in the Oval Office January 7, 2009 in Washington, DC. On January 20, 2009 Barack Obama will be sworn in as the nations�s 44th president.

    • North Korean leader Kim Jong-il (2nd R in the front row) visits the Chollima Steel Complex at an undisclosed location in North Korea, in this undated picture released by the Korean Central News Agency (KCNA) December 25, 2008. From Reuters Pictures by REUTERS.

      North Korean leader Kim Jong-il (2nd R in the front row) visits the Chollima Steel Complex at an undisclosed location in North Korea, in this undated picture released by the Korean Central News Agency (KCNA) December 25, 2008.

    • Balloons with anti-North Korea leaflets released by former North Korean defectors and anti-North Korea activists fly towards the North in Imjinkak pavilion, near the demilitarised zone (DMZ) separating the two Koreas in Paju, about 55 km (34 miles) north of Seoul, December 3, 2008. Dozens of activists, who demanded improvements of North Korea's human rights and the release of South Koreans abducted by the North, launched about 90,000 anti-Pyongyang leaflets in helium-filled balloons near DMZ on Wednesday. From Reuters Pictures by REUTERS.

      Balloons with anti-North Korea leaflets released by former North Korean defectors and anti-North Korea activists fly towards the North in Imjinkak pavilion, near the demilitarised zone (DMZ) separating the two Koreas in Paju, about 55 km (34 miles) north of Seoul, December 3, 2008. Dozens of activists, who demanded improvements of North Korea's human rights and the release of South Koreans abducted by the North, launched about 90,000 anti-Pyongyang leaflets in helium-filled balloons near DMZ on Wednesday.

    • An Israeli woman and her two children take cover during a rocket attack near Kfar Aza, just outside the northern Gaza Strip January 7, 2009. The woman came to meet her husband, an Israeli army officer currently serving on the Gaza border. Rockets exploded as they were waiting for him. Israel postponed on Wednesday a decision on whether to order its armed forces to storm the Gaza Strip's urban centres, an Israeli official said, citing Egyptian- and French-led efforts to secure a truce with Hamas. From Reuters Pictures by REUTERS.

      An Israeli woman and her two children take cover during a rocket attack near Kfar Aza, just outside the northern Gaza Strip January 7, 2009. The woman came to meet her husband, an Israeli army officer currently serving on the Gaza border. Rockets exploded as they were waiting for him. Israel postponed on Wednesday a decision on whether to order its armed forces to storm the Gaza Strip's urban centres, an Israeli official said, citing Egyptian- and French-led efforts to secure a truce with Hamas.

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FDIC / Articles Organization

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...of $558 million in residential mortgage loans from the Federal Deposit Insurance Corporation. The loans were formerly held by the First National Bank of Nevada, closed by the Office of the Comptroller of the Currency in July; the FDIC was named receiver."...
...are excited about investing in and managing mortgages in this unique transaction where we share in the economics with the FDIC," said Stanford L. Kurland, PennyMac's Chairman and Chief Executive Officer. "We believe that PennyMac's approach of strategically...
...Corporation. It's easy to see why Obama might have overlooked her. Charged with protecting the public from bank failures, the FDIC has long been the Beltway equivalent of a small-town fire department, called on every few years to put out some flames but otherwise...
...Atlanta Blues Synovus is not the only bank that has had problems in the Atlanta market. The Federal Deposit Insurance Corporation (FDIC) has closed several banks that had heavy loan concentrations in the Atlanta area, including Integrity Bancshares (OTC:ITYC). BB&T...
...not be any more Lehman Bros. breakdowns. Rather, if, and more likely when, someone important is in trouble the Fed, Treasury, and FDIC will backstop losses, provide loans, and/or directly invest using taxpayer funds. This is the really big story of 2008 –...
...due to the large amount of bad assets that they have accumulated. According to the Federal Deposit Insurance Corporation (FDIC), equity of commercial banks and savings institutions fell by $44 billion in the Q3 2008 after declining by $10 billion in the previous...
...than 3 percent, beating even most money market mutual funds, which hover around 2.5 percent. Bank money markets, like CDs, offer FDIC protection. In addition, you have access to the cash if you need it. 3. Municipal Bonds - Munis offer the benefits of tax-free...
...$24 billion. In his new TARP legislation, sources expect Frank to include possible directions to the Treasury to support the FDIC’s proposal -- or a version of it -- in the next phase of TARP. But while President-elect Obama favors additional government...
...stated income and other underwritten loans in areas with escalating home prices, particularly in California and Florida. Since the FDIC has operated the institution, it has restructured funding to focus on stable core deposits and on improving the value of...
...bank had been under pressure from a cash crunch amid the subprime mortgage crisis and the collapse of the housing market. The FDIC said it had agreed to sell IndyMac to IMB HoldCo, a thrift holding company controlled by IMB Holdings. IMB HoldCo is owned by...

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