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Daily Archives: June 23, 2009

FDIC IG: Brokered Deposit Waiver Application Process

June 2009, Report No. AUD-09-015, FDIC’s Brokered Deposit Waiver Application Process, Inspector General Audit Report

  • “The objective of this audit was to assess the FDIC’s Brokered deposits (BD) waiver application process for FDIC-insured financial institutions. The scope of our audit did not include assessing the merits of the FDIC’s decisions to grant waivers or the extent to which the FDIC ensures that institutions comply with the conditions of approval for BD waivers.”
  • Related postings on financial system
  • Executive Order: Establishing a White House Council on Automotive Communities and Workers

    Executive Order: Establishing a White House Council on Automotive Communities and Workers, June 23, 2009 – “Over the last decade, the United States has experienced a decline in employment in the auto industry and among part suppliers. This decline has accelerated dramatically over the past year, with more than 400,000 jobs being lost in the… Continue Reading

    Nixon Library opens additional White House tape recordings and textual materials

    News release: “[On June 23, 2009] The Richard Nixon Presidential Library and Museum, one of 12 Presidential libraries administered by the National Archives and Records Administration, will be opening approximately 154 hours of Nixon White House tape recordings and approximately 30,000 pages of textual materials from the Nixon Presidency.” Continue Reading

    Fannie Mae and Freddie Mac Loan Modifications Up By More Than 50 Percent in First Quarter

    News release: “Fannie Mae and Freddie Mac modified nearly 37,000 loans during the first quarter of 2009. It is an increase of 57 percent over the fourth quarter of 2008 and more than double the number of modifications in the first quarter of last year. The data were released by James B. Lockhart, Director of… Continue Reading

    CBO Report: Measuring the Effects of the Business Cycle on the Federal Budget

    Measuring the Effects of the Business Cycle on the Federal Budget, June 2009: “In March 2009, the Congressional Budget Office (CBO) released its most recent baseline projections of federal revenues, outlays, and budget balances for the next 10 years. Those projections are developed in a process by which CBO assumes the continuation of current laws… Continue Reading

    New GAO Reports: International Aviation, Defense Acquisitions, Component Servicemembers, Key Challenges Facing Government Managers, Recovery Act and TARP

    High Speed Passenger Rail: Effectively Using Recovery Act Funds for High Speed Rail Projects, GAO-09-786T, June 23, 2009 Military Personnel: Reserve Component Servicemembers on Average Earn More Income while Activated, GAO-09-688R, June 23, 2009 V-22 Osprey Aircraft: Assessments Needed to Address Operational and Cost Concerns to Define Future Investments, GAO-09-692T, June 23, 2009 International Aviation:… Continue Reading

    Defense Secretary Announces Creation of Unified U.S. Cyber Command

    WSJ: “Defense Secretary Robert Gates created a new military command dedicated to cyber security on Tuesday, reflecting the Obama administration’s plans to centralize and elevate computer security as a major national-security issue. In a memo to senior Pentagon officials, Mr. Gates said he intends to recommend that Lt. Gen. Keith Alexander, director of the National… Continue Reading

    Urban Institute: Facts and Findings about Foreclosures, Families, and Communities

    News release: “The Impacts of Foreclosures on Families and Communities, a new Urban Institute report, details what is known about how foreclosures adversely affect households and their neighborhoods — from children and the elderly to public safety and local property tax revenues. It also looks at policies, programs, and response strategies to prevent or mitigate… Continue Reading

    New on LLRX.com – Criminal Justice Surveys and Public Opinion Polls

    Criminal Justice Surveys and Public Opinion Polls: Ken Strutin’s article examines key sources for surveys and public polling concerning the criminal justice system. In addition to overview studies about the application of surveys to criminal justice, the selected topics include: crime, criminal histories, death penalty, public defense, sentencing, sex offenses, treatment, and reentry. Continue Reading

    ACLU: CIA Delays Release Of Inspector General Report On Torture

    News release: “The CIA informed the American Civil Liberties Union that it would delay by one week its release of a reprocessed version of the Office of the Inspector General (OIG) report on the CIA’s interrogation and detention program [The heavily redacted version of the report released last year is available here.] The CIA turned… Continue Reading