Congressional Oversight

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Latest blogosphere posts tagged “Congressional Oversight”

  • Obama To Push Banks On Modification Participation


    StupidicaAuthority Authority: 176
    Washington, DC (AHN) - The Obama administration is expected this week to call for more transparency on banks participating in its home loan modification program. The $75-billion program was designed to help 4 million delinquent homeowners avoid foreclosure. But recent data shows only 650,000 people have participated ...
    2 days ago
  • We need some changes in regulations for home mortgages.


    InvestmentWatchAuthority Authority: 156
    “Even recent bargain hunters have been hit: 11% of borrowers who took out mortgages in 2009 already owe more than their home’s value.” There is absolutely no justifiable reason why this was allowed to occur. It is reprehensible that Fannie Mae, Freddie Mac and FHA continue to allow only 3.5 % down payment and ...
    1 week ago
  • Senate Votes to Open Debate on Healthcare Legislation


    CafeSentido.comAuthority Authority: 501
    For the first time in decades, the United States Senate has voted to open floor debate on comprehensive healthcare insurance reform legislation . All 58 Democratic members of the Senate, plus the two independents that caucus with them, voted to approve debate. 39 of the 40 Republicans voted against opening debate, ...
    1 week ago
  • Shocker: Ars, Hollywood agree on need for ACTA openness


    Family Learning CenterAuthority Authority: 163
    [IMG: http://www.family-learning-center.com/wp-content/plugins/wp-o-matic/cache/d9810_glasses_transparency_ars-thumb-230x130-10034-f.jpg]
    1 week ago
  • TARP saved the banking system, but failed at everything else


    DailyFinanceAuthority Authority: 792
    Filed under: Economy , Investing On the same day the Obama Administration floated a trial balloon to test the waters for extending TARP , the Congressional Oversight Panel heard from experts about TARPs effectiveness . While some of the experts did find aspects of TARP effective, they all testified to ...
    1 week ago
  • Ex-Army chief: Fort Hood suspect not properly vetted


    American Conservative DailyAuthority Authority: 502
    The Army has guidelines on how to deal with racist views and actions within the ranks, but none on how to deal with Islamist jihadist views, which fostered a "politically correct" reluctance to investigate the man accused in the Fort Hood shootings, a former Army vice chief of staff told Congress on Thursday. A ...
    1 week ago
  • The debate over extending TARP steps onto center stage


    DailyFinanceAuthority Authority: 792
    Filed under: Economy , Investing While the Obama administration floated a trial balloon regarding the possible extension of TARP in The Washington Post Thursday , any hope for that balloon could be quickly burst in hearings today before the Congressional Oversight Panel. Members of the House and Senate ...
    1 week ago
  • Financial Crisis Inquiry Kicks into High Gear


    Newsvine - Pamela Drew's Column - Articles and SeedsAuthority Authority: 125
    In a recent Nation cover story, William Greider decried the lack of attention being paid by the media to the Financial Crisis Inquiry Commission (FCIC) charged with investigating the causes of the financial meltdown.
    1 week ago
  • New TARP revelations: AIG bailout mishandled; shaky banks got loans too


    DailyFinanceAuthority Authority: 792
    Filed under: Economy , Goldman Sachs , Bank of America While less than two weeks ago, the Congressional Oversight Panel said that it had found no "significant flaws in Treasurys implementation" of TARP bailout programs, on Tuesday, Special Inspector General Neil Barofsky (pictured) questioned why AIG ...
    2 weeks ago
  • TARP Watchdog Reiterates: Billions Loaned to Automakers Likely Lost


    Auto ObserverAuthority Authority: 566
    Top executives at General Motors Co. and Chrysler LLC have both gone out of their way in the past week to say their once-bankrupt companies are positioning themselves to pay back the tens of billions of dollars loaned to them by the federal government. The man charged with overseeing the U.S. Dept. of Treasury ...
    2 weeks ago
  • Gambling, Washington-Style


    Boom2Bust.comAuthority Authority: 540
    Had to pop some Tums before sitting down to write this post. Read it, and you’ll understand why. From MarketWatch this morning: At its high point, the federal government was guaranteeing or insuring $4.3 trillion in face value of financial assets, according to a report released Friday by the Congressional ...
    3 weeks ago
  • Pelosi Subverts The Process; Why Am I Not Surprised?


    Let Freedom RingAuthority Authority: 140
    The Cato Institute’s Michael Cannon wrote that House Democrats are intentionally gaming the CBO system in an attempt to limit the public’s outcry against the bill: Obama budget director Peter Orszag laid the groundwork for this feat. While director of the CBO in 2007 and 2008, he fostered a more ...
    3 weeks ago
  • TARP has no significant flaws, oversight panel finds


    DailyFinanceAuthority Authority: 792
    Filed under: Company News , Economy , Investing , Bank of America , Citigroup You may find it hard to believe, but the Congressional Oversight Panel released its monthly report Friday and said that it had found no "significant flaws in Treasurys implementation" of TARP bailout programs. In fact, the panel ...
    3 weeks ago
  • The US Government doesn’t have $4.3 trillion to cover their bet.


    InvestmentWatchAuthority Authority: 156
    U.S. backed $4.3 trillion in assets, report says “The U.S. government guaranteed as much as $4.3 trillion in financial assets last year, making such backstops the biggest and riskiest part of Washington’s response to the financial crisis, a bailout watchdog panel said on Friday. The Congressional Oversight ...
    3 weeks ago
  • Petition From LoanSafe.org


    Fools and SagesAuthority Authority: 113
    Yesterday after Mortgage Modification Hell was posted on MSN’s Smart Money blog, I heard from a member of the LoanSafe community who asked that I post a link to a petition regarding bank behavior. I’m happy to do so, and post the text as well. Please read it through and if you agree with the statements made, ...
    3 weeks ago
  • Where Was the DFL?


    Let Freedom RingAuthority Authority: 140
    In January, 2007, I asked Tarryl Clark if the DFL would conduct oversight hearings to locate the wasteful spending. She said that they would. I asked her that question because the first six DFL bills submitted that year included tax increases. I wanted to know why these bills included tax increases considering ...
    5 weeks ago

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