Archives for January, 2012
Friday’s failure of the Tennessee Commerce Bank of Franklin, Tenn., is the costliest bank collapse since April 30, 2010, according to the Federal Deposit Insurance Corp.
The FDIC estimated that closing the Tennessee bank would cost the deposit insurance fund $416.8 million. That would mean it cost more than any of the 92 banks that failed in 2011 or the 93 that were closed between April 30 and Dec. 31, 2010.
On April 30, 2010, the FDIC took over five banks that each cost more than $600 million. The total cost to the fund that day was more ...
Citing our October film Lost in Detention, 30 members of Congress are pressing the Government Accountability Office to look into the issue of sexual abuse at immigration detention centers:
… This review should include facilities run by the Immigration Customs Enforcement (ICE), private facilities under contract with ICE to hold immigration detainees, and those public facilities (like county jails) also under contract with ICE. Additionally, please identify what steps DHS is taking to rectify the problem and suggest any actions it needs to consider in order to ensure that sexual abuse does not continue to plague the immigration detention system.