The Burst - FDIC (Ep. 40)
Lisa R. posted 04/20/09 at 12:00 AM ago
in
Banktastic
The Burst is back! For episode 40, Brad talks about some great articles discussing FDIC Takeovers, important FinovateStartup 2009 information, and a brand-new document feature that’s been added to Banktastic! He also wraps up the show with a great clip from The Daily Show featuring Elizabeth Warren, the Chair of the Congressional Oversight Panel on TARP. Check out the episode, and share your comments with us below!
Jimmy M.
Good stuff, Brad, and I think your Twit-nitiative should go well for Finovate. Regarding the FDIC – Where do you (BG or the group, I will not discriminate) think the FDIC is going these days? Can we still count on them to make quality decisions?
Loved the DS clip. Interesting stuff.
Brad G.
Thanks Jimmy! Glad you liked the show. In re: to the FDIC I think we can trust the FDIC to make good decisions. Sheila Bair is a pretty smart lady and I feel like she has a grasp of the issues for both the 'big banks' and the smaller, more community based institutions. I think, and it's pure speculation, the FDIC is working with the government to establish a class system of financial institutions that allow certain criteria required and mandated based on your size to ensure we don't end up in this mess again and can't have all these big bank scenarios that are 'too big to fail'.
Ultimately, the FDIC is backed by the full faith of the US government so if it got bad enough where the FDIC where to go belly up, our issues would be alot bigger than just the FDIC.
Thanks for your comment.
David G.
Another outstanding Burst Brad. I will be sure to follow via Banktastic or search.twitter.com #Finovate
The FDIC article and 60 Minutes are a must read/see as is the last minute of the Burst with the Daily Show clip.
@dmgerbino