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“The benchmark 30-year fixed-rate mortgage fell 20 basis points, to 5.64 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.39 discount and origination points. One year ago, the mortgage index was 6.14 percent; …
News release: “Treasury today released the attached report [Report to Congress Pursuant to Section 102 of the Emergency Economic Stabilization Act 12/31/2008], required by section 102 of the Emergency Economic Stabilization Act. As required by section 102(a), Treasury established the Asset Guarantee Program to provide guarantees for assets held by systemically significant financial institutions that …
News release: “Treasury today released the program description for the Targeted Investment Program under which the Citigroup investment that was announced on Nov. 23 was made. This program description is required by Section 101(d) of the Emergency Economic Stabilization Act. Other EESA program descriptions are posted at: http://www.treasury.gov/initiatives/eesa/program-descriptions/.” Related postings on financial system
News release: “On Wednesday December 31, 2008 the Federal Deposit Insurance Corporation (FDIC) signed a letter of intent to sell the banking operations of IndyMac Federal Bank, FSB, Pasadena, California, to a thrift holding company controlled by IMB Management Holdings LP, a limited partnership. The FDIC’s Board of Directors approved the agreement to sell IndyMac …
News release: “California Attorney General Edmund G. Brown Jr. has filed suit in federal court to block an audacious attempt by the Bush Administration to gut provisions in the Endangered Species Act mandating scientific review of federal agency decisions that may threaten endangered species and their habitat…The new regulations, initially proposed by the Departments of …
Several sources are reporting the current price tag for the bailout of the financial system. According to the Washington Post’s Binyamin Appelbaum, “…the Treasury Department has now spent or committed more money than Congress has allocated to its financial rescue program, effectively making more promises than it can afford to keep. The scorecard: Congress gave …
Assertion of Executive Privilege Concerning the Special Counsel’s Interview of The Vice President and Senior White House Staff (July 15, 2008) (added December 29, 2008): “It is legally permissible for the President to assert executive privilege in response to a congressional subpoena for reports of Department of Justice interviews with the Vice President and senior …
Privacy Policy Guidance Memorandum 2008-01, The Fair Information Practice Principles: Framework for Privacy Policy at the Department of Homeland Security, December 29, 2008.
Financial Times (sub. req’d): “The US government has had to battle the financial crisis without all the tools it required to do so effectively, Hank Paulson, the outgoing US Treasury Secretary has told the Financial Times. In one of his last interviews before leaving office, Mr Paulson said weve done all this without all of …
News release: The staff of the Federal-State Joint Board on Universal Service has released its most recent Monitoring Report on Universal Service. This report reflects information on the telephone industry filed with the Federal Communications Commission (FCC) through June 2008. This report, with a few exceptions, reflects data filed with the Federal Communications Commission (FCC) …
Management Challenges at the Department of Energy, DOE/IG-0808, December 2008 On an annual basis, the Office of Inspector General identifies what it considers to be the most significant management challenges facing the Department. This initiative is an important component of our effort to assess the Departments progress in addressing previously identified challenges, and it serves …
Reduced Hospitalizations for Acute Myocardial Infarction After Implementation of a Smoke-Free Ordinance City of Pueblo, Colorado, 20022006. CDC Morbidity and Mortality Weekly Report, January 2, 2009 / Vol. 57 / No. 51 & 52. “Exposure to secondhand smoke (SHS) has immediate adverse cardiovascular effects, and prolonged exposure can cause coronary heart disease. Nine studies …
