Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (02/02/2010)
* WASHINGTON (2/3/10)--The Obama administration’s 2011 budget proposal does not specify plans for Fannie Mae and Freddie Mac’s futures. Housing and Urban Development Secretary Shaun Donovan said the administration will soon release its strategy. A statement will be coming “very shortly,” Donovan told reporters Monday (American Banker Feb. 2). Currently, the enterprises have obligations of $3.9 trillion to investors who purchased the mortgage bundles the two assembled (The New York Times Feb. 2) ... * WASHINGTON (2/3/10)--Paul Volcker, former Federal Reserve chairman, told the Senate Banking Committee Tuesday that hedge funds and private-equity funds should profit and fail without government support. Volcker supports President Barack Obama’s plan to tax big banks and limit their growth. He called on policymakers to strengthen regulation of financial firms whose failure would threaten the economy. Stricter requirements that govern capital and liquidity are needed, he said. Volcker also called for authority to take control of big financial firms--“euthanasia” as opposed to a rescue. The institutions should not assume the public will save them, he added (Bloomberg Feb. 2) ...


RSS print
News Now LiveWire
From today's @USATODAY front page, a shout out to #CreditUnions courtesy of @CUNA http://t.co/881vLPeECN
1 hours ago
Happy anniversary to the ATM! 45 years of self-service cash HT @GOBankingRates http://t.co/ycsm3GFwk5
2 hours ago
.@USATODAY print edition features #creditunion membership march to #100mm. Zoom in on lower left hand corner #NewsNow http://t.co/Xv8fyX7ces
3 hours ago
No special assessment for ASI member #creditunions in 2014. See #NewsNow http://t.co/NwL9eJwbiQ
3 hours ago
.@MICreditUnions is recruiting member #creditunions to participate in a campaign to help state residents thrive in retirement.
3 hours ago