Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (03/10/2009)
* WASHINGTON (3/11/09)—Strong and effective regulation and supervision of banks is necessary for reducing systemic risks, but are not sufficient to guard against a future financial meltdown, Federal Reserve Board Chairman Ben Bernanke said in a speech this week. The current financial crisis, called the worst since the 1930s by the Fed chairman, was precipitated in part by failures of government oversight systems and private risk management. Those failures combined to let a flood of foreign money into the United States without ensuring it was prudently invested. The change needed to stave off future disasters, Bernanke said, is a broad reworking of government regulation of the country’s financial system, with an eye toward long-term changes (The New York Times March 10)… * WASHINGTON (3/11/09)—The Obama administration has nominated the following three people to key posts at the U.S. Treasury Department: Alan Krueger for assistant secretary of economic policy; Kim Wallace for assistant secretary for legislative affairs, and; David Cohen for assistant secretary of terrorist financing. Currently, all the nominees are counselors to the Treasury secretary. (American Banker March 10)…


RSS





print
News Now LiveWire
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow http://t.co/EbILqY1HMz
15 hours ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
17 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
18 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
18 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
19 hours ago