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Monthly Archives: June 2008

OCC Survey Finds Bank Underwriting Standards Tighten

News release: “The Office of the Comptroller of the Currency released today its 14th annual Survey of Credit Underwriting Practices and reported that commercial and retail underwriting standards tightened after four consecutive years of eased underwriting standards. The 2008 survey included examiner observations and assessments of credit underwriting standards at the largest national banks. The… Continue Reading

Summary of Commentary on Current Economic Conditions by the Federal Reserve

The Beige Book, June 11, 2008: “Reports from the Federal Reserve Districts suggest that economic activity remained generally weak in late April and May. Three Districts described economic activity as softer, weaker, or lower, with an additional four Districts reporting slower, sluggish, or modest economic growth. The remaining five Districts of Philadelphia, Cleveland, Atlanta, St.… Continue Reading

SEC Proposes Comprehensive Reforms to Bring Increased Transparency to Credit Rating Process

News release: “The Securities and Exchange Commission today voted to formally propose a comprehensive series of credit rating agency reforms to bring increased transparency to the ratings process and curb practices that contributed to recent turmoil in the credit markets. The first part of the Commission’s rule proposal would: Prohibit a credit rating agency from… Continue Reading

National Intelligence Estimate – Iran: Nuclear Intentions and Capabilities

National Intelligence Estimate – Iran: Nuclear Intentions and Capabilities, November 2007 – released June 11, 2008: “This National Intelligence Estimate (NIE) assesses the status of Iran’s nuclear program, and the program’s outlook over the next 10 years. This time frame is more appropriate for estimating capabilities than intentions and foreign reactions, which are more difficult… Continue Reading

New GAO Reports: FAA, National Response Framework, DHS's Preparedness for Catastrophic Disasters

Federal Aviation Administration: Efforts to Hire, Staff, and Train Air Traffic Controllers Are Generally on Track, but Challenges Remain, GAO-08-908T, June 11, 2008 National Response Framework: FEMA Needs Policies and Procedures to Better Integrate Non-Federal Stakeholders in the Revision Process, GAO-08-768, June 11, 2008 Emergency Management: Observations on DHS’s Preparedness for Catastrophic Disasters, GAO-08-868T, June… Continue Reading

Report on the "Surveillance Society" by the House of Commons Home Affairs Select Committee

UK House of Commons, Home Affairs Committee, A Surveillance Society? Fifth Report of Session 2007–08 Volume I Report, together with formal minutes Ordered by The House of Commons to be printed 20 May 2008. House of Commons Home Affairs Committee – A Surveillance Society? Fifth Report of Session 2007–08, Volume II, Oral and written evidence,… Continue Reading