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Daily Archives: June 25, 2009

CBO: The Troubled Asset Relief Program: Report on Transactions Through June 17, 2009

The Troubled Asset Relief Program: Report on Transactions Through June 17, 2009 – June 2009

  • “In October 2008, the Emergency Economic Stabilization Act of 2008 (Division A of Public Law 110-343) established the Troubled Asset Relief Program (TARP) to enable the Department of the Treasury to promote stability in financial markets through the purchase and insurance of “troubled assets.” Section 202 of that legislation requires the Office of Management and Budget (OMB) to submit semiannual reports on the costs of the Treasury’s purchases and guarantees of troubled assets. The law also requires the Congressional Budget Office (CBO) to prepare an assessment of each OMB report within 45 days of its issuance.”
  • Related postings on the Troubled Asset Relief Program (TARP)
  • Related postings on financial system
  • FTC Issues Iterim Report on "Authorized Generic" Drugs

    “The Federal Trade Commission today issued Authorized Generics: An Interim Report, which presents the first set of results from a study conducted to examine the short-term and long-term effects of “authorized generics” on competition in the prescription drug marketplace. An authorized generic exists when a pharmaceutical manufacturer sells a drug under both a brand-name and… Continue Reading

    Annual Report 2008 of the Commission Bancaire

    Banque de France Press Release: 2008 annual report of the Commission bancaire – “In 2008 the financial turmoil resulting from the subprime crisis intensified, leading many credit institutions, in particular in the United States, to make substantial write-downs and impairments. Consequently, confidence in the financial system was hit to the extent that the interbank market… Continue Reading

    Report: Underpayments to Consumers by the Health Insurance Industry

    News release: “Today, Chairman of the U.S. Senate Committee on Commerce, Science and Transportation John D. (Jay) Rockefeller IV (D-WV) announces the release of an investigative staff report, Underpayments to Consumers by the Health Insurance Industry. “More than 100 million American consumers pay extra premiums for health insurance coverage that allows them to receive care… Continue Reading

    Federal Reserve announces extensions of and modifications to a number of its liquidity programs

    News release: “The Federal Reserve on Thursday announced extensions of and modifications to a number of its liquidity programs. Conditions in financial markets have improved in recent months, but market functioning in many areas remains impaired and seems likely to be strained for some time. As a consequence, to promote financial stability and support the… Continue Reading

    CBO – The Long-Term Budget Outlook, June 2009

    The Long-Term Budget Outlook, June 2009: “Under current law, the federal budget is on an unsustainable path—meaning that federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds longterm fiscal projections, rising costs for health care and the aging of the U.S. population will cause federal… Continue Reading

    U.S. EPA’s Environmental Justice Resource Guide available to the public

    “The U.S. Environmental Protection Agency’s Environmental Justice Resource Guide, a handbook for community organizers and decision-makers, is now available from the EPA’s Pacific Southwest Environmental Justice Office….it provides information on funding sources and other resources that can help communities understand, prioritize, and address their specific environmental concerns…The Guide contains success stories achieved by communities disproportionately… Continue Reading

    DOE OIG: Incident Handling and Privacy Act

    U.S. Department of Education, Office of Inspector General, Information Technology Audits Division – Incident Handling and Privacy Act Controls over External Web Sites, Final Audit Report, Redacted, ED-OIG/A11I0006, June 10, 2009. “Based on our review, the Department’s Chief Information Officer (CIO) must improve security controls over the incident response and handling program and accelerate two-factor… Continue Reading