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Monthly Archives: March 2011

Evaluation of Federal Housing Finance Agency's Oversight of Fannie Mae's and Freddie Mac's Executive Compensation Programs

Federal Housing Finance Agency, Office of the Inspector General – Evaluation Report: Evaluation of Federal Housing Finance Agency’s Oversight of Fannie Mae’s and Freddie Mac’s Executive Compensation Programs (EVL-2011-002, March 31, 2011)

  • NYT: “Regulators have approved generous executive compensation at Fannie Mae and Freddie Mac, the taxpayer-backed mortgage finance giants, with little scrutiny or analysis, according to a report published Thursday by the inspector general of the Federal Housing Finance Agency. The companies, whose fates are to be decided by Congress this year, paid a combined $17 million to their chief executives in 2009 and 2010, the two full years when Fannie Mae and Freddie Mac were wards of the state, the report found. The top six executives at the companies received $35.4 million over the two years. Since Fannie Mae and Freddie Mac were taken over in September 2008, the companies’ mounting mortgage losses have required a $153 billion infusion from taxpayers. Total losses may reach $363 billion through 2013, according to government estimates.”
  • Related postings on financial system
  • Poor, Pregnant, and Fired: Caregiver Discrimination Against Low-Wage Workers

    Poor, Pregnant, and Fired: Caregiver Discrimination Against Low-Wage Workers – by Stephanie Bornstein, Center for WorkLife Law, University of California, Hastings College of the Law “This report provides a survey of family responsibilities discrimination (FRD) lawsuits that low-wage workers brought against their employers when they were unfairly penalized at work because of their caregiving responsibilities… Continue Reading

    The Health of Lesbian, Gay, Bisexual, and Transgender People: Building a Foundation for Better Understanding

    Institute of Medicine Report – The Health of Lesbian, Gay, Bisexual, and Transgender People: Building a Foundation for Better Understanding, March 31, 2011 “At a time when lesbian, gay, bisexual, and transgender individuals—often referred to under the umbrella acronym LGBT—are becoming more visible in society and more socially acknowledged, clinicians and researchers are faced with… Continue Reading

    FTC Chairman Issues Commission's 2011 Annual Report Highlights Agency Accomplishments to Protect Consumers and Competition

    “Federal Trade Commission Chairman Jon Leibowitz today issued the FTC’s 2011 Annual Report at the American Bar Association’s Section of Antitrust Law Spring Meeting in Washington, DC, highlighting the agency’s continued efforts to protect financially distressed consumers and promote competition during the economic downturn. “Over the past year, the FTC has challenged unscrupulous business practices… Continue Reading

    A Review of CBO's Activities in 2010 Under the Unfunded Mandates Reform Act

    A Review of CBO’s Activities in 2010 Under the Unfunded Mandates Reform Act, March 31, 2011 “In this report, which is part of an annual series that began in 1997, the Congressional Budget Office (CBO) reviews its activities under the Unfunded Mandates Reform Act of 1995. The report covers public laws enacted and legislation considered… Continue Reading

    New GAO Reports: Refugee Assistance, State and Local Governments, Tax Preparer Regulation, 2011 Tax Filing

    Federal Reserve Banks: Areas for Improvement in Information Systems Controls, GAO-11-447R, March 31, 2011 H-1B Visa Program: Multifaceted Challenges Warrant Re-examination of Key Provisions, GAO-11-505T, March 31, 2011 Medicaid: Improving Responsiveness of Federal Assistance to States during Economic Downturns, GAO-11-395, March 31, 2011 Refugee Assistance: Little Is Known about the Effectiveness of Different Approaches for… Continue Reading

    Federal Reserve: Regulating Systemic Risk

    Regulating Systemic Risk – Governor Daniel K. Tarullo At the 2011 Credit Markets Symposium, Charlotte, North Carolina, March 31, 2011 “Events of the last few years have given the phrases “systemic risk” and “financial stability” a prominent place in the lexicon of policymakers. Although protecting financial stability is germane to numerous areas, including monetary policy,… Continue Reading

    A Rising Tide or a Shrinking Pie – Economic Impact of Legalization Versus Deportation in Arizona

    A Rising Tide or a Shrinking Pie – The Economic Impact of Legalization Versus Deportation in Arizona, By Dr. Raúl Hinojosa-Ojeda, Marshall Fitz | March 24, 2011 “Our national debate over urgently needed immigration reform is now careening through our state legislatures, city halls, and town councils due to political gridlock at the federal level.… Continue Reading

    Affordable Care Act to improve quality of care for people with Medicare

    News release: “The U.S. Department of Health and Human Services (HHS) today released proposed new rules to help doctors, hospitals, and other health care providers better coordinate care for Medicare patients through Accountable Care Organizations (ACOs). ACOs create incentives for health care providers to work together to treat an individual patient across care settings –… Continue Reading

    The Wisconsin Poverty Measure and Effects of Federal and State Policies in Wisconsin

    The New Demography of Poverty: The Wisconsin Poverty Measure and Effects of Federal and State Policies in Wisconsin, By Julia B. Isaacs, Joanna Young Marks, Katherine A. Thornton, and Timothy M. Smeeding “This paper describes efforts to develop a more comprehensive and up-to-date measure of poverty in Wisconsin as a model for other states to… Continue Reading

    New GAO Reports: Border Security, Delphi Defined Benefit Plans, Rural Housing Service, Advanced Technology Vehicle Loan Program, Older Americans Act

    Border Security: DHS Progress and Challenges in Securing the U.S. Southwest and Northern Borders, GAO-11-508T, March 30, 2011 Key Events Leading to the Termination of the Delphi Defined Benefit Plans, GAO-11-373R, March 30, 2011 Rural Housing Service: Opportunities Exist to Strengthen Farm Labor Housing Program Management and Oversight, GAO-11-329, March 30, 2011 Department of Energy:… Continue Reading