• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / Business / Committee hears state of our financial institutions

Committee hears state of our financial institutions

January 27, 2009 By WRN Contributor

A legislative committee holds an informational hearing on the safety and soundness of Wisconsin's financial institutions.

The Senate Committee on Financial Institutions is gathering information to gain a Wisconsin-specific perspective on the condition of the banking and real estate sectors of the economy, to balance what we've heard and read about on the national level.

"The problem is that this information is based on the national picture. While it is important to keep that in mind, it isn't always indicative of the conditions in our own state."

Andrea Gage with the office of Committee Chair, Senator Jim Sullivan, says residents are faced with an onslaught of stories of economic crisis and a bad housing market, but it's important to look more closely at the best plan for our state's economic future.

"What we've been hearing is that Wisconsin lending practices have been more conservative than in other states. Our regulatory policies and practices — and those who enforce them — are an example to other states on how to create a safe and sound economic environment."

Kurt Bauer, Wisconsin Bankers Association president says the hearing is an opportunity to correct many misperceptions the public has about Wisconsin's FDIC banks.

Also invited to speak include representatives from the Wisconsin Realtors Association, Mortgage Bankers and Credit Unions.

AUDIO: Jackie Johnson report (1:21 MP3)

Share this:

  • Facebook
  • Twitter

Filed Under: Business



Featured Stories

Pro-life groups condemn Kahl lawsuit to overturn 1849 abortion ban

Wisconsin politicians react as SCOTUS overturns Roe v. Wade

Republicans gavel in and out of special session to overturn Wisconsin’s abortion law

Juneteenth flag raised at Wisconsin Capitol

Gableman invokes 5th amendment, elections probe found in contempt in open records case

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2022 · Learfield News & Ag, LLC