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Pot legal, but finances remain in black market

Conrad Daley, executive director of the Alaska Cannabis Grower's Association, tried to get his organization a bank account for months, and has yet to keep one.
Northwest Digest

...sentence for bank fraud, prosecutors said Wednesday. Thomas Miklautsch paid $453,808 in restitution to the Federal Deposit Insurance Corp., the entity which insures deposits in banks. Miklautsch, a former director of the defunct Alaska Statebank...
Bank heists not a good idea

...average amount taken from an individual bank robbery was less than $8,000, according to the FBI. The Federal Deposit Insurance Corp. insures money at most banks, and the National Credit Union Administration insures most credit unions...
Business Digest financial institutions such as Wells Fargo Bank, First Interstate Bank, Alaska Growth Capital and the Federal Deposit Insurance Corp. The center was founded in 1987, has 10 employees and offers a variety of assistance programs and partnerships...
Bank on a advance premiums for FDIC

...worth of premiums - in advance. So why aren't banks up in arms now that just such a call has come from the Federal Deposit Insurance Corp.? Federal deposit insurance, even paid for years in advance, remains a pretty good deal for banks. Besides...
Let bank bailout expire

...Some think TARP should be extended, in case of another crisis. A better course would be to bolster the Federal Deposit Insurance Corp., which backs up deposits and deals with failing banks - and let TARP expire.
Robo-signed mortgage docs date back to late 1990s

...That troubles some banking experts, including Sheila Bair, who until early July was chairwoman of the Federal Deposit Insurance Corp."We do not yet really know the full extent of the problem," Bair said in written remarks to the Senate...
Outside editorial: Time to pare back Fannie Mae and Freddie Mac

...Congress, neither has shown the political courage to act. If anything, the signals are frustratingly mixed. Federal Deposit Insurance Corp. Chairman Sheila Bair recently said Fannie and Freddie should no longer look to Washington to backstop risky...
Outside editorial: How much bite for new watchdog?

...systemic risk." He sought authority to take over such firms when their finances turn sour, much as the Federal Deposit Insurance Corp. takes over troubled banks today. The objective is to equip government to do what it did not do in the current...
The business of 'too big to fail'

...companies would have to pay premiums for what amounts to government bailout insurance, similar to what the Federal Deposit Insurance Corp. now does with banks. This new "too big to fail" government insurance would set clear caps, in advance...


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