Experts from the Treasury Department, Federal Reserve Board, and financial institutions testified on the mortgage crisis focusing on questionable lending and foreclosure practices and ways t…
994 viewsRepresentatives from the Bank of America, J.P. Morgan, Wells Fargo, and Citibank testified about the mishandling of mortgages and foreclosure proceedings. Lenders vowed to take steps to tigh…
1,856 viewsWitnesses spoke about replacing government-backed mortgage holding companies Fannie Mae and Freddie Mac with private companies that would receive minimal government support. Among the topics…
495 viewsThe House Financial Services Committee held a hearing on the state of the international financial system, focusing on international regulatory issues relevant to the implementation of financ…
495 viewsThe House debated several measures related to federal lands and health care issues, including a bill to establish the Coltsville National Historic Park in Connecticut as a part of the Nation…
View in Congressional Chronicle5,787 viewsWitnesses testified on the primary causes of financial losses for Fannie Mae and Freddie Mac and the progress in improving management at the agencies during the preceding two years.
515 viewsThe House voted 237-192 for the Dodd-Frank financial regulations law, which makes changes to financial market regulations. The legislation creates a panel of regulators chaired by the treasu…
View in Congressional Chronicle2,686 viewsWitnesses testified about a 1000 point stock market drop on May 6, 2010. SEC Chairperson Mary Schapiro and other government regulators testified about proposed changes to the system of “circ…
871 viewsThe House passed a bill that requires the Pentagon to improve how it buys equipment and services. Members also passed a bill that requires federal agencies to be more aggressive in stopping …
View in Congressional Chronicle1,963 viewsThe House Financial Services Committee held a hearing on the September 2008 failure of Lehman Brothers, the largest bankruptcy in U.S. history. Witnesses testified about operations and pract…
4,116 viewsThe House Financial Services Committee held a hearing on the September 2008 failure of Lehman Brothers, the largest bankruptcy in U.S. history. Anton Valukas testified about his examination …
1,666 viewsThe House Financial Services Committee held a hearing titled a hearing titled “Public Policy Issues Raised by the Report of the Lehman Bankruptcy Examiner.” Following testimony by members a…
3,031 viewsBank executives testified about second liens and other barriers to principal reduction as an effective foreclosure mitigation program. Among the issues addressed were the effectiveness of go…
1,067 viewsFederal Reserve Chairman Bernanke testified about strategies for withdrawal from unconventional efforts to prop up the economy and the disposition of more than $1.7 trillion in assets procur…
745 viewsRepresentatives from the housing finance community and academics testified on the future of housing finance. Witnesses focused on methods of mortgage financing, the role of Fannie Mae and Fr…
682 viewsWitnesses testified on the condition of small business and commercial real estate lending in local markets. Obama administration officials talked about a proposed transfer of $30 billion dol…
265 viewsWitnesses testified about compensation practices at financial and non-financial firms. Among the topics addressed were recent bonuses awarded to financial executives at firms that had receiv…
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