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Chairman Ben S. Bernanke At the Dallas Regional Chamber, Dallas, Texas, April 7, 2010, Economic Challenges: Past, Present, and Future “The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes. Its immediate trigger was a downturn in the national housing market that followed a long period of …
Preliminary Staff Report: The Community Reinvestment Act and the Mortgage Crisis – Financial Crisis Inquiry Commission (FCIC)| April 7, 2010: “The purpose of this preliminary staff report is to provide background on the Community Reinvestment Act (CRA). Section I provides background on the CRA. Section II discusses the evidence on CRAs contribution to an increase …
Preliminary Staff Report: The Mortgage Crisis – Financial Crisis Inquiry Commission (FCIC)| April 7, 2010: “The purpose of this preliminary staff report is to describe the recent mortgage crisis, which entailed a dramatic drop in home prices beginning in 2006 and a sharp rise in mortgage defaults beginning in 2007. Section I describes the origination …
Preliminary Staff Report: Government Sponsored Enterprises and the Financial Crisis Financial – Crisis Inquiry Commission (FCIC) | April 7, 2010: “This preliminary staff report provides information on the Federal National Mortgage Association (FNMA or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac), the companies’ attributes as government-sponsored enterprises (GSEs), and …
Preliminary Staff Report: The Role of the Federal Reserve in Banking Supervision and Regulation, Financial Crisis Inquiry Commission (FCIC) | April 7, 2010: “The purpose of this preliminary staff report is to provide a brief overview of the role of the Federal Reserve in banking supervision and regulation. The first section describes the structure of …
Preliminary Staff Report: Securitization and the Mortgage Crisis, Financial Crisis Inquiry Commission (FCIC) | April 7, 2010 “The purpose of this preliminary staff report is to provide an overview of mortgage securitization and its possible role in the sharp increase in mortgage defaults that precipitated the financial crisis. Section I describes the growth and basic …
News release: “Unemployment rates were higher in February than a year earlier in 347 of the 372 metropolitan areas, lower in 21 areas, and unchanged in 4 areas, the U.S. Bureau of Labor Statistics reported today. Twenty-nine areas recorded jobless rates of at least 15.0 percent, while 2 areas registered rates below 5.0 percent. The …
Financial Crisis Inquiry Commission – Hearings & Testimony – Subprime Lending and Securitization and Government-Sponsored Enterprises (GSEs), April 7, 2010 Related postings on Financial Crisis Inquiry Commission Related postings on financial system
News release: “The last decade in Glacier National Park saw exactly double the temperature increase for the planet as a whole. The effects of this warming threaten Glacier National Parks resources, from glaciers and snow-capped mountains to wildlife and forests, as well as the Montana jobs and tourism revenue the park generates, according to a …
Coast Guard: Deployable Operations Group Achieving Organizational Benefits, but Challenges Remain, GAO-10-433R, April 07, 2010 Offshore Oil and Gas Development: Additional Guidance Would Help Strengthen the Minerals Management Service’s Assessment of Environmental Impacts in the North Aleutian Basin, GAO-10-276, March 08, 2010
Extended Range Forecast of Atlantic Seasonal Hurricane Activity and Landfall Strike Probability for 2010, by Philip J. Klotzbach and William M. Gray, Department of Atmospheric Science, Colorado State University “We continue to foresee above-average activity for the 2010 Atlantic hurricane season. We have increased our seasonal forecast from the mid-point of our initial early December …
“Today, U.S. departments and agencies are releasing their Open Government Plans — another historic milestone in President Obama’s campaign to change Washington. For too many years, Washington has resisted the oversight of the American public, resulting in difficulties in finding information, taxpayer dollars disappearing without a trace, and lobbyists wielding undue influence. For Americans, business …
