Today’s Headlines…

Today’s Headlines…

The Real Legacy of Sheila Bair’s FDIC
Forbes (blog)
On June 16, 2011, published an opinion piece by Vern McKinley and Tom Fitton about FDIC Chairman Sheila C. Bair’s legacy (Sheila Bair’s Legacy: Bailouts, Secrecy and Power Grabs, June 16, 2011). Unfortunately, the piece is more personal
U.S. House Panel Approves Measure to Boost Covered Bond Market
The Federal Deposit Insurance Corp. has voiced concerns about the priority of covered bonds in the event of a bank failure, as well as whether the FDIC would become the de facto guarantor of the instruments. The agency, which runs the Deposit Insurance 
FDIC’s Advisory Committee on Systemic Resolution Holds Inaugural Meeting
Media Newswire (press release)
The Federal Deposit Insurance Corporation (FDIC) on Tuesday held the first meeting of the newly created Advisory Committee on Systemic Resolution. The FDIC created the advisory committee earlier this month to provide advice and recommendations on a 

PRECIOUS-Gold cuts 4-day rally as Fed boosts dollar
By Amanda Cooper LONDON, June 23 (Reuters) – Gold broke a four-day rally on Thursday after theFederal Reserve acknowledged US growth was slowing but gave no hint that it needed to provide additional economic stimulus, which bolstered the dollar. 

TREASURIES-Ten-year notes edge up, focus on data after Fed
The US Federal Reserve’s policy statement and remarks from Fed Chairman Ben Bernanke on Wednesday were broadly in line with expectations and Treasuries took them in their stride, market players said. * The Federal Reserve on Wednesday cut its forecasts 

Bill to limit lawsuit liability passes Pa. Senate
Tom Corbett moved an important step closer to becoming law Tuesday, as the state Senate passed a bill limiting the liability of defendants in some civil court cases for negligence after passionate debate that pitted the interests of business owners, 

Contract talks resume for Pa. state employees
Tom Corbett is asking for contract concessions that include pay cuts and rollbacks in health coverage. The first round of Tuesday’s talks at an undisclosed location focused on Council 13 of the American Federation of State, County and Municipal 

Budget talks, push for shale fee continue
Pittsburgh Post Gazette
Tom Corbett to “engage” in the ongoing discussions of a drilling fee, Democratic state senators this morning offered yet another variation on how to assess the state’s natural gas wells. Rather than offering their proposal as a bill, they say they plan 

Senators Call For Obama To Replace OCC’s Walsh
Fox Business
The OCC has been without a permanent leader since Comptroller John Dugan completed his five-year term in August. Walsh has run the agency on a temporary basis. Walsh “persists in arguing for the minimal capital standards and lax regulation that brought 

Debit-Card Swipe-Fee Cap Not Traditional, Lawyer Says
The challenged provision added to Dodd-Frank, sponsored by US Senator Richard Durbin, an Illinois Democrat, is known as the Durbin Amendment. Swipe fees, or interchange, are set by Visa and MasterCard Inc., the second largest electronic-payment network