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News release: “Today, the Office of Management and Budget (OMB) issued its draft of the eleventh annual Report to Congress on the Costs and Benefits of Federal Regulations. The Report features a look back at the last ten years of major Federal regulations reviewed by OMB to examine their quantified and monetized benefits and costs. …
Visa Waiver Program: Actions Are Needed to Improve Management of the Expansion Process, and to Assess and Mitigate Program Risks, GAO-08-1142T, September 24, 2008 Missile Defense: Actions Needed to Improve Planning and Cost Estimates for Long-Term Support of Ballistic Missile Defense, GAO-08-1068, September 25, 2008 Combating Nuclear Smuggling: DHS Needs to Consider the Full Costs …
News release: “Nevada Senator Harry Reid testified this week at a hearing before the Commerce Committee regarding the safety and security dangers associated with the proposal to ship 77,000 tons of nuclear waste to Yucca Mountain. Reid spoke about the Department of Energys unpreparedness to begin a massive nuclear waste shipping campaign.” Sen. Reid’s resource …
President’s Address to the Nation, East Room of the White House, September 24, 2008: “This is an extraordinary period for America’s economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand their worry and their frustration. We’ve seen triple-digit swings in the stock market. Major financial …
“The Federal Housing Finance Agency (FHFA) released its first Mortgage Metrics Report today. The report presents key performance data on 30.4 million first lien residential mortgages with outstanding balances totaling $4.4 trillion serviced on behalf of Fannie Mae and Freddie Mac from 2007 through the first quarter of 2008. The report focuses on the delinquencies, …
Federal Housing Finance Agency Mortgage Metrics Report, September 2008: Disclosure and Analysis of Fannie Mae and Freddie Mac Mortgage Loan Data for Full-Year 2007 and First Quarter 2008 Related postings on financial system
September 22, 2008 – Proposal to Allow Treasury to Buy Mortgage Related Assets to Address Financial Instability “Financial markets underwent severe stress during the week of September 15-22, 2008. After Lehman Brothers declared bankruptcy and AIG received a bridge loan from the Federal Reserve, policymakers reassessed their case-by-case approach to resolving financial problems. Secretary of …
September 23, 2008 – The Cost of Government Financial Interventions, Past and Present “In response to ongoing financial turmoil that began in the subprime mortgage backed securities market, the federal government has intervened with private corporations on a large scale and in an ad hoc manner three times from the beginning of 2008 through September …
USCIS Strategic Plan 2008-2012 “As a component of the Department of Homeland Security (DHS), United States Citizenship and Immigration Services (USCIS), has developed this document as a strategic framework to integrate our key mission objectives, future plans and priorities, organizational improvement initiatives, and prudent resource management. By providing a full spectrum depiction of our organizations …
The Federal Energy Regulatory Commission’s Unclassified Cyber Security Program – 2008, DOE/IG-0802 September 2008 “The Commission had taken action to improve cyber security practices and implemented protective measures designed to defend its networks against malicious attackers and other external threats. Our evaluation, however, disclosed that additional actions are needed to reduce the risk of compromise …
National Security and Nuclear Weapons in the 21st Century, September 2008 [This paper has been redacted and edited from a classified paper with the same title, dated February 2008] “In July 2007, along with Secretary of State Condoleezza Rice, we issued a statement that summarized the need for maintaining a credible U.S. nuclear deterrent and …
OFHEO Strategic Plan 2006-2011: “OFHEO has an important and compelling mission to promote housing and a strong national housing finance system by ensuring the safety and soundness of Fannie Mae and Freddie Mac. These Enterprises own or guarantee 41 percent of residential mortgages in the U.S. and are among the largest guarantors and borrowers in …
