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Defeated OFC Advocate Sununu Named to TARP Oversight Panel
(12/23/2008)
Here’s something to keep an eye on. Outgoing New Hampshire Sen. John Sununu (R) was named on December 17 to a special Congressional oversight panel monitoring the Treasury Department's Troubled Asset Relief Program. He was appointed by Senate Minority Leader Mitch McConnell (R-Ky.)... Full Story
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FDIC Chairman Bair Continues to Buck Treasury on Loan Modifications
(12/23/2008)
Sheila Bair, the outspoken Chairman of the Federal Deposit Insurance Corporation (FDIC) is continuing to oppose the U.S. Treasury Department’s unwillingness to create a massive loan modification program to help homeowners avoid foreclosure... Full Story
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Suit Challenges AIG’s Shariah Sales
(12/23/2008)
The federal bailout program for American International Group Inc. is illegal because the insurer offers products that are compliant with Islamic law and therefore promotes Islamic beliefs, a federal suit filed in Michigan charged... Full Story
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Economic Downturn Creating Travel Deals Not Seen In Years
(12/23/2008)
One bright spot in the economic downturn is the great deals available for those planning to take a vacation... Full Story
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P/C Insurers Voice Concern About Rivals’ Use of Federal Aid
(12/9/2008)
Property-casualty insurers are asking legislators to rein in rival financial companies that could use federal aid for boosting their competitive advantage... Full Story
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Rep. Frank Sees Activist Congress, Much Legislation, Regulatory Revamp
(12/9/2008)
In a wide-ranging speech to the Consumer Federation of America (CFA) on December 4, House Financial Services Committee Chairman Barney Frank (D-Mass.) presented a picture of what he thinks Congress will do in 2009 regarding the financial crisis... Full Story
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Life Insurers Line Up for Federal Aid Under Treasury Program
(11/25/2008)
The applications are in, but it will be awhile before its known which life insurance firms have applied for federal assistance under the U.S. Treasury Department's $250 billion Capital Purchase Program... Full Story
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P/C Companies Steer Clear of Participation in Treasury Program
(11/25/2008)
Property/casualty insurers continue to steer clear of participating in the Treasury Department’s billion Capital Purchase Program... Full Story
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