Monday is the deadline for banks to submit their plans for repaying taxpayers.
But six small country banks found the excitement too much, failed to open.
A city councilman in Miami Gardens, Florida has proposed an ordinance that could penalize banks that fail to offer modifications before starting foreclosure proceedings.
Banks present crisis plan to the Fed: WSJ (Reuters) - U.S. banks have given a proposal to federal regulators on how to pay for restructuring the country's too-big-to-fail institutions in the event of a future crisis, the Wall Street Journal reported, citing people familiar with the conversations. The Journal said the proposal, given to the U.S. Federal Reserve at a private meeting on May 22, is an effort by banks to pre-empt tougher ...
June 24, 2013 - Reuters via Yahoo! News
Banks offer Fed a crisis plan, WSJ reports Several banks (WFC, BAC, C) have floated to federal regulators a proposal on how to pay for a restructuring of the nation's largest financial institutions in the event of a future crisis, sources say. ...
June 24, 2013 - Theflyonthewall.com via Yahoo! Finance
Banks Present Crisis Plan to the Fed: Report U.S. banks have given a proposal to regulators on how to pay for restructuring in future crises, the Journal said.
June 24, 2013 - CNBC
Barack Obama in New York Daily News Obama called the ruling "a major victory for big oil, Wall Street banks, health insurance companies and the other powerful interests that marshal their power ...... in Washington to drown out the voices of everyday Americans."
Ben Bernanke in International Herald Tribune Our major banks have significant franchise values,Bernanke said. "There is no commitment by any means to never shut down a big bank, absolutely not, but I do believe that the major banks we have now can be stabilized."
Henry Paulson in U.S. News & World Report The AP notes Treasury Secretary Henry Paulson said yesterday that even with the rescue "program to buy bad assets from financial institutions, some banks will fail. He also called for patience saying 'the turmoil will not end quickly and significant...