News release: “The Federal Reserve Board on Tuesday announced that it is prepared to undertake a substantial expansion of the Term Asset-Backed Securities Loan Facility (TALF). The expansion could increase the size of the TALF to as much as $1 trillion and could broaden the eligible collateral to encompass other types of newly issued AAA-rated… Continue Reading
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Monthly Archives: February 2009
CBO Expanding Health Insurance Coverage and Controlling Costs for Health Care
Statement of Douglas W. Elmendorf, Director, Expanding Health Insurance Coverage and Controlling Costs for Health Care before the Committee on the Budget, February 10, 2009 “Without changes in policy, a substantial and growing number of people under age 65 will lack health insurance. The Congressional Budget Office (CBO) estimates that the average number of nonelderly… Continue Reading
President Obama Directs the National Security and Homeland Security Advisors to Conduct Immediate Cyber Security Review
News release: “President Obama has directed the National Security and Homeland Security Advisors to conduct an immediate review of the plan, programs, and activities underway throughout the government dedicated to cyber security. This 60-day interagency review will develop a strategic framework to ensure that U.S. Government cyber security initiatives are appropriately integrated, resourced and coordinated… Continue Reading
SIGIR January 30, 2009 Quarterly and Semiannual Report to Congress
“This year will bring change in Iraq that will fundamentally affect every aspect of the reconstruction program. This change began on January 1 when the Security Agreement and the Strategic Framework Agreement became effective, redefining the bilateral relationship between Iraq and the United States. The turn-of-the-year transfer of the International Zone to Government of Iraq… Continue Reading
James Mintz Group Report – How Civil and Criminal Investigators Are Descending into the U.S. Housing Mess
James Mintz Group, Issue Two, December 2008: “In the last 120 days, one of the mightiest investigative armadas in our times has been assembled to look into alleged wrongdoing and conflicts of interest in the mortgage and financial industries. So many FBI agents have been assigned to these cases that its straining the war on… Continue Reading
Cost Estimate of American Recovery and Reinvestment Act of 2009
Congressional Budget Office: H.R. 1, American Recovery and Reinvestment Act of 2009, February 9, 2009. Cost estimate for an amendment in the nature of a substitute by Senator Reid for Senators Nelson and Collins, February 7, 2009. Purpose: In the nature of a substitute. IN THE SENATE OF THE UNITED STATES 111th Cong., 1st… Continue Reading
New GAO Reports: Baby Boom Retirement Challenges, Private-Sector Airport Screening
Social Security Administration: Service Delivery Plan Needed to Address Baby Boom Retirement Challenges, GAO-09-24, January 09, 2008 Aviation Security: TSA’s Cost and Performance Study of Private-Sector Airport Screening, GAO-09-27R, January 09, 2009 Continue Reading
Federal Reserve releases additional terms and conditions of the Term Asset-Backed Securities Loan Facility
News release: “The Federal Reserve Board on Friday released additional terms and conditions–including loan rates and collateral haircuts–of the Term Asset-Backed Securities Loan Facility (TALF). The additions were determined after further analysis and consultation with issuers, investors, and dealers in asset-backed securities (ABS). The new terms and conditions also include a revised definition of eligible… Continue Reading
SBA Quarterly Indicators: The Economy and Small Business
Quarterly Indicators: The Economy and Small Business, 4th Quarter 2008, Released February 2009 “Provides recent monthly and quarterly data from a wide variety of sources relevant to small businesses. Economic activity of small firms is examined at the national level.” Continue Reading
Federal Housing Finance Agency Releases November Foreclosure Prevention Report
News release: “James B. Lockhart, Director of the Federal Housing Finance Agency today released the November monthly Foreclosure Prevention Report, which provides comprehensive monthly data on the loss mitigation efforts of Fannie Mae and Freddie Mac as well as information on delinquencies, foreclosures initiated and foreclosures completed. Loan modifications for October and November, which were… Continue Reading
Federal Housing Finance Agency Director's Speech to American Securitization Forum
American Securitization Forum Speech, Las Vegas, Nevada, February 9, 2009, James B. Lockhart III, Director, Federal Housing Finance Agency “The biggest challenge we face is the stabilization of the housing market. Declining prices will demand continued concentrated action by the public sector, including the new Obama Administration and its Treasury Department, the Federal Reserve, the… Continue Reading
Conference Board Employment Trends Index (ETI) Continues to Decline Sharply
News release: “The Conference Board Employment Trends Index (ETI) fell further in January. The index now stands at 96.6, down 1.0 percent from the December revised figure of 97.5, and down 18.6 percent from a year ago. The Employment Trends Index has recently been declining faster than at any time since the 1974 recession, said… Continue Reading
