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By James J. Green, AdvisorOne |
September 21, 2008
The United States government--both the Administration and the Congress--began moving over the weekend of Sep. 20-21 to "address the underlying problem" in the financial system,...
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By Melanie Waddell, AdvisorOne |
September 19, 2008
In a bid to stem the mammoth financial crisis the U.S. is now facing, top members of the Treasury Department and Federal Reserve are hammering out with Congress a plan to create a government agency that would buy distressed mortgages from banks and other financial institutions at discount prices.
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By James J. Green, AdvisorOne |
September 7, 2008
On Sunday, Sep. 7, Treasury Secretary Henry Paulson announced that the Treasury Department, in collaboration with the Federal Reserve and the new independent regulator, the Federal Housing Finance Agency (FHFA), had moved to place into conservatorship Fannie Mae and Freddie Mac, the troubled government-sponsored enterprises (GSEs) that have been under...
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By John Sullivan, AdvisorOne |
August 27, 2008
This monster just won't die. Fannie and Freddie will survive, and we missed a historic opportunity to rid ourselves of them once and for all....
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By Staff Writer |
August 26, 2008
"Major" changes to U.S. financial regulations are expected to gain pace by early next year as an expected Democratic-led Congress and administration try to safeguard...
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By Melanie Waddell, AdvisorOne |
August 1, 2008
Setting in motion Treasury Secretary Henry Paulson's Blueprint for financial services reform, the Federal Reserve Board and the Securities and Exchange Commission (SEC) entered into...
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By Melanie Waddell, AdvisorOne |
July 14, 2008
Acting to avert bankruptcy for the nation's two biggest home loan lenders, Congress approved an emergency "rescue package" over the weekend of July 12-13 that gives the Treasury Department the ability to inject billions in investments and loans to Fannie Mae and Freddie Mac.
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By Melanie Waddell, AdvisorOne |
July 11, 2008
House Financial Services Committee Chairman Barney Frank (D-Massachusetts) said July 10 that there's a consensus building that more financial services regulation is needed, and that Congress "should be moving to empower the Federal Reserve Board to have regulatory authority over a wide range of financial institutions."
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By James J. Green, AdvisorOne |
June 1, 2008
One of the undisputed benefits of possessing great wealth is that you control your life more than those less blessed. One of the undisputed roles...
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By John Sullivan, AdvisorOne |
June 1, 2008
Things are not nearly as bad as the hype, and May saw a number of indicators that point to recovery. More and more analysts believe...