A top White House adviser said Friday that business opponents of President Obama's plan to create an agency to protect financial consumers are trying to "scare people."
Regulators closed subsidiaries of Irwin Financial Corporation in Kentucky and Indiana Friday, bringing the total number of bank failures this year to 94, according to the Federal Deposit Insurance Corp.
It's a bit puzzling: Over the past 20 years, as women have made tremendous gains in the business world, the percentage of B-school students who are female has remained at about 30%, or roughly the same now as in the late '80s. (By contrast, female enrollment in law and medical schools has risen over the same time period to about 50%.)
With a growing number of homebuyers depending on government-insured loans, the Obama administration is taking steps to shore up the Federal Housing Administration program.