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

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

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

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

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

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

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

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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