| 00:00:47 |
Grover, Joel - Deputy Assistant Inspector General
TODAY. THE FIRST SPEAKER IS RICHARD BROWN. RICHARD SERVES AS THE FDIC'S CHIEF ECONOMIST AND ASSOCIATE DIRECTOR FOR REGIONAL OPERATIONS IN THE FDIC'S...
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| 00:02:04 |
Brown, Richard A. - Chief Economist
YOU TODAY ABOUT HOW THE FDIC IS SEEING THE PROGRESS IN RECOVERING FROM THE BANK, FROM THE FINANCIAL CRISIS OF THE FALL OF 2008. HOW WE SEE THE SITUATION...
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| 00:32:48 |
Offutt, Susan - Chief Economist
GO. GREAT. I'M VERY PLEASED TO BE HERE THIS AFTERNOON. I HAVE TO TELL YOU THOUGH, FULL DISCLOSURE, I'VE A VERY BROAD TITLE THAT I'M GOING TO BE VERY...
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| 00:59:06 |
Brown, Richard A. - Chief Economist
TO LOOK AT IT. WHEN THE FDIC PIONEERED MODIFICATION AT ANY MAC FEDERAL BANK WHEN WE WERE IN SEPTEMBER 2008. AND WHEN AND NOT IF OF MONTHS OR OUR FIDUCIARY...
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| 01:01:08 |
Q&A, -
NOT CUT DOWN ANYWHERE NEAR LIKE THE OTHERS. IS THERE ANY COMMENTARY THEY ARE DECIDED THE OBVIOUS RISK, THE FACT THAT THE UNEMPLOYMENT IS THE WAY THAT...
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| 01:01:29 |
Offutt, Susan - Chief Economist
PART OF IT. AS YOU KNOW, THERE'S BEEN A LOT OF TURMOIL ON THE LENDER SIDE OF THE MARKET. SO IT'S A COMBINATION OF BOTH A THINK WHILE THAT SHAKES OUT....
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| 01:02:14 |
Q&A, -
HOWEVER, I'VE HAD COLLEAGUES AT CORPORATIONS, MANY FRIENDS THAT ARE THE BANK AND OTHER SMALLER BANKING INDUSTRIES AND THEY'VE ALL SAID TO ME, WE WERE...
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| 01:03:13 |
Offutt, Susan - Chief Economist
IF THEY WERE TO ACCEPT, WHICH IS WHAT IT WAS IMPORTANT TO TREASURY TO GET BROAD PARTICIPATION PROGRAM. THE FACT THAT MOST OF -- A GOOD CHUNK OF THE...
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| 01:04:03 |
Brown, Richard A. - Chief Economist
2008 IT WAS AN EXTRAORDINARY TURMOIL. SUSAN MEANT THAT TED SPREAD THE GOOD 20 BASIS POINTS, ITS NORMAL LEVEL IS 20 TO 40 BASIS POINTS. THAT CONSUMPTION...
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| 01:05:38 |
Q&A, -
THE UNEMPLOYMENT RISING, WHITE INDICATORS DO YOU SAY THAT YOU'RE SUCCESSFUL OR NOT SUCCESSFUL IN ACCOMPLISHING WHAT THE FED, FEDERAL RESERVE AND OMB...
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| 01:06:10 |
Offutt, Susan - Chief Economist
I'M NOT INTENDING TO MAKE A JUDGMENT ABOUT SUCCESS EITHER WAY, BUT THE CONTINUED PROBLEMS IN THE MORTGAGE MARKET IS MUCH RELATED TO UNEMPLOYMENT AS...
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| 01:06:46 |
Brown, Richard A. - Chief Economist
EXTRAORDINARY GOVERNMENT ASSISTANCE, WE STILL HAD COMING IN THOUGH, A GREAT RECESSION. AND THE QUESTION IS IS THE COUNTERFACTUAL. HOW BAD WOULD IT...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.