News release: “The Financial Crimes Enforcement Network (FinCEN) today released its latest mortgage fraud analysis – titled Filing Trends in Mortgage Loan Fraud – that shows suspicious activity reports (SARs) filed on suspected mortgage fraud increased 44 percent in the 12 months ending in June 2008 compared with the prior year.”
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Daily Archives: February 25, 2009
State Department Releases Human Rights Reports
2008 Country Reports on Human Rights Practices, February 25, 2009: “As we publish these reports, the Department of State remains mindful of both domestic and international scrutiny of the United States’ record. As President Obama recently made clear, “we reject as false the choice between our safety and our ideals.” We do not consider views… Continue Reading
Federal Bank Regulatory Agencies Begin Forward-Looking Economic Assessments
News release: “The federal bank regulatory agencies announced today that they will start conducting forward-looking economic assessments of large U.S. banking organizations as the Capital Assistance Program (CAP) gets underway. These assessments will be done on an interagency basis as a coordinated supervisory exercise to ensure they are carried out in a timely and consistent… Continue Reading
Center for American Progress: Economic Snapshot for February 2009
Economic Snapshot for February 2009 By Christian E. Weller, February 24, 2009: ” The U.S. economy is experiencing its worst recession in decades. Jobs and wealth losses are accelerating, contributing to sharp increases in families economic distress. This crisis was precipitated by a sharp drop in consumer spending, but also by a decline in business… Continue Reading
Treasury Department Touts Expanded Tax Credit for First-Time Homebuyers
News release: “In an ongoing effort to deliver on swift implementation of the Obama Administration’s recovery, stability and affordability plans, the U.S. Department of the Treasury touted today the availability of an expanded tax break for first-time homebuyers a provision under the American Recovery and Reinvestment Act of 2009 that will make up to… Continue Reading
U.S. Treasury Releases Terms of Capital Assistance Program
News release: “…the U.S. Department of the Treasury today announced the terms and conditions for the Capital Assistance Program (CAP). The CAP is a core element of the Administration’s Financial Stability Plan. The purpose of the CAP is to restore confidence throughout the financial system that the nation’s largest banking institutions have a sufficient capital… Continue Reading
Intergovernmental Panel on Climate Change: Technical Paper on Climate Change and Water
Intergovernmental Panel on Climate Change (IPCC) Technical Paper VI- Climate Change and Water “The importance of freshwater to our life support system is widely recognised, as can be seen clearly in the international context. Freshwater is indispensable for all forms of life and is needed, in large quantities, in almost all human activities. Climate, freshwater,… Continue Reading
New GAO Reports: Improved Missile Defense Testing, Bureau of Prisons
Defense Acquisitions: Charting a Course for Improved Missile Defense Testing, GAO-09-403T, February 25, 2009 Bureau of Prisons: Written Policies on Lateral Transfers and Assessment of Temporary Assignments Needed, GAO-09-141, February 25, 2009 Continue Reading
Communication from the Commission on the Treatment of Impaired Assets in the Community Banking sector
European Commission – Communication from the Commission on the Treatment of Impaired Assets in the Community Banking sector, February 25, 2009. News release: “The European Commission has provided guidance on the treatment of asset relief measures by Member States. Impaired assets correspond to categories of assets on which banks are likely to incur losses (e.g.… Continue Reading
EU: Commission assesses another four Stability and Convergence Programmes
Commission assesses another four Stability and Convergence Programmes: “Following last week’s assessment of 17 Stability and Convergence Programmes, the European Commission today examined the updated programmes of Italy, Luxembourg, Lithuania and Portugal…According to Council Regulation (EC) No 1466/97 on the strengthening of budgetary surveillance and the surveillance and coordination of economic policies, Member States must… Continue Reading
The Swedish model for resolving the banking crisis of 1991 – 93. Seven reasons why it was successful
The Swedish model for resolving the banking crisis of 1991 – 93. Seven reasons why it was successful (EUROPEAN ECONOMY. ECONOMIC PAPERS. 360. February 2009. European Commission. Brussels. 27pp. Tab. Graph. Ann. Bibliogr. Free) “This study presents the main features of the Swedish approach for resolving the banking crisis of 1991-93 by condensing them into… Continue Reading
