Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Inside Washington (04/20/2009)
* WASHINGTON (4/21/09)--President Barack Obama has picked Fannie Mae President/CEO Herbert Allison to lead the Troubled Asset Relief Program (TARP) as assistant Treasury secretary for financial stability. If approved by the Senate, Allison would replace Neel Kashkari (The Associated Press April 19). Some financial observers have said that if Allison moves from his post at Fannie to lead TARP, it will send a message that the CEO position at the government-sponsored enterprises is irrelevant because the Federal Housing Finance Agency runs Fannie and Freddie (News Now April 16) ... * WASHINGTON (4/21/09)--Investors haven’t borrowed from the Term Asset-Backed Securities Loan Facility (TALF) because they fear borrowing money from the Federal Reserve would trigger congressional scrutiny, said William Dudley, president of the Federal Reserve Bank of New York. The concern is unnecessary, but could indicate that investors don’t want to take risks in the economic environment--which in turn could be detrimental for businesses and consumers who want to secure credit (American Banker April 21) ...


RSS





print
News Now LiveWire
Happy holidays! Here's your gift-report of another data breach: Staples between April and Sept, 1.16M cards at risk http://t.co/jDhJCkf3LC
33 minutes ago
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
16 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
16 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
19 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
20 hours ago