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Daily Archives: January 20, 2009

Presidential Memo Halts All Bush Midnight Rules and Regs

Following previous postings on Bush Administration Midnight regs, this report by ABC News: “This afternoon, White House Chief of Staff and Assistant to the president, Rahm Emanuel issued a memorandum ordering all U.S. government agencies to stop implementing any pending rules and regulations issued by the Bush administration until the Obama administration has an opportunity… Continue Reading

Presidential Proclamation: A National Day of Renewal and Reconciliation

A National Day of Renewal and Reconciliation: “…I, Barack Obama, President of the United States of America, by the authority vested in me by the Constitution and laws of the United States, do hereby proclaim January 20, 2009, a National Day of Renewal and Reconciliation, and call upon all of our citizens to serve one… Continue Reading

Banks With TARP Funds Required by Treasury to File Reports

Follow up to January 19, 2009 posting, Treasury Issues Additional Executive Compensation Rules Under TARP, “The U.S. Treasury, under pressure to revive lending, is demanding monthly reports from the banks that received the most capital from the government’s $700 billion rescue program. Neel Kashkari, the official who administers the Troubled Asset Relief Program, wrote to… Continue Reading

FDA Notice and Database on Search for Peanut Butter Product Recalls

News release: “The Food and Drug Administration (FDA) is conducting a very active and dynamic investigation into the source of the Salmonella Typhimurium outbreak. At this time, the FDA, the Centers for Disease Control and Prevention (CDC), and state partners have traced sources of Salmonella Typhimurium contamination to a plant owned by Peanut Corporation of… Continue Reading

Treasury’s First Accounts Program Brings Thousands Into Financial Mainstream

News release: “The Treasury Department, through the First Accounts Program, has contributed to the opening of over 37,000 savings and checking accounts in urban, suburban, rural and Native American communities across the country. The Treasury released a report [Executive Summary only], Findings from the First Accounts Program, detailing approaches to bringing unbanked individuals into the… Continue Reading

Asset Managers’ Committee and Investors’ Committee Best Practices Reports for Hedge Fund Managers and Investors

“The Asset Managers’ Committee and the Investors’ Committee have released their best practices reports for hedge fund managers and investors, respectively. The Asset Managers’ Committee and the Investors’ Committee are private sector committees established by the President’s Working Group on Financial Markets (“PWG”). The first task of the Committees was to develop and publicly release… Continue Reading