by Calculated Risk on 11/16/2009 03:51:00 PM
Monday, November 16, 2009
Meredith Whitney Expects Double-Dip Recession, FDIC dumps "Cease & Desist"
From CNBC (added): Stocks Overvalued, Recession Will Return: Meredith Whitney
From American Banker: FDIC Speaks More Softly, Retains Stick
The FDIC changed the name of its cease-and-desist order to the less ominous-sounding "consent order" (a term already used by other regulators) ... David Barr, an FDIC spokesman, said that the traditional cease-and-desist order will be issued to any banks that refuse to stipulate and instead seek an administrative hearing.A kinder softer name ...
...
The FDIC has not made any of the new orders public so far.