Articles Written by:    DAVID CHO     

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Dodd to go alone with draft for financial reform

The legislation, which is still being finalized, would consolidate federal responsibility for banking oversight, now assigned to four agencies, into a single regulator. And, compared with the plan rolled out by the White House, Dodd's measure would ...

From DAVID CHO AND BRADY DENNIS, The Washington Post,  4 Nov 2009
Related Topics: White House,  Federal Reserve,  U.S. Republican Party,  Richard C. Shelby,  Barney Frank

Dodd's financial reform bill at odds with Obama administration

The legislation, which is still being finalized, would consolidate federal responsibility for banking oversight, now assigned to four different agencies, into a single regulator. And, compared to the plan rolled out by the White House, Dodd's measure ...

From DAVID CHO AND BRADY DENNIS, The Washington Post,  3 Nov 2009
Related Topics: White House,  Barack Obama,  Federal Reserve,  U.S. Republican Party,  Richard Shelby

N.Y. Fed pushed AIG on contracts

The Federal Reserve Bank of New York said Tuesday that it had no choice but to instruct American International Group last November to reimburse the full amount of what it owed to big banks on derivatives contracts, a move that ended months of effort by ...

From DAVID CHO, The Washington Post,  28 Oct 2009
Related Topics: Federal Reserve Bank of New York,  Bloomberg News,  Timothy F. Geithner,  Goldman Sachs,  Deutsche Bank

Obama administration shifts focus of rescue to small business, housing market

The Obama administration is winding down several massive rescue programs that aided large banks and U.S. automakers during the heat of the financial crisis and launching more moderate initiatives to help small businesses and the housing market. The ...

From DAVID CHO, The Washington Post,  21 Oct 2009
Related Topics: Barack Obama,  Timothy F. Geithner,  U.S. Congress,  Small Business Administration

Small firms, home buyers to get a boost

In an effort to encourage homeownership, the Treasury Department announced an initiative to help ailing state and local housing finance agencies provide inexpensive mortgages to underserved borrowers. Later this week, the administration plans to ask ...

From DAVID CHO, The Washington Post,  20 Oct 2009
Related Topics: United States Department of the Treasury,  Small Business Administration,  White House,  Barack Obama,  Fannie Mae

Obama administration launches program for home buyers

The Obama administration rolled out an initiative Monday to help ailing state and local housing finance agencies provide inexpensive mortgages to low- and moderate-income home buyers. Treasury officials would not say how much money they would be ...

From DAVID CHO, The Washington Post,  19 Oct 2009
Related Topics: United States Department of the Treasury,  Barack Obama,  Timothy F. Geithner,  Fannie Mae,  Freddie Mac

Effort Underway to Speed Aid to Small Businesses

The federal government is developing initiatives to make billions of dollars of bailout funds available to small businesses through community banks, according to lawmakers and other government officials. One approach, put forward by Sen. Mark Warner ...

From DAVID CHO AND BRADY DENNIS, The Washington Post,  15 Oct 2009
Related Topics: United States Department of the Treasury,  Mark Warner,  Federal Reserve,  Barack Obama,  Gene Sperling

Obama Aide Summers Counters GOP Criticism of Economic Policy

The White House's top economic adviser took aim at Republican criticism of President Obama's economic recovery policies on Monday, delivering a sharply worded letter to lawmakers that credited the administration with pulling the nation back from an ...

From DAVID CHO, The Washington Post,  13 Oct 2009
Related Topics: U.S. Republican Party,  Barack Obama,  White House,  John A. Boehner,  Labor Department

Steep Losses Pose Crisis for Pensions

The financial crisis has blown a hole in the rosy forecasts of pension funds that cover teachers, police officers and other government employees, casting into doubt as never before whether these public systems will be able to keep their promises to ...

From DAVID CHO, The Washington Post,  11 Oct 2009

WWII's Unclaimed Treasure

Nearly 70 years ago, the federal government began issuing hundreds of billions of dollars in savings bonds to finance the greatest war effort in the nation's history, with no less than President Franklin D. Roosevelt, who summoned patriotic Americans to ...

From DAVID CHO, The Washington Post,  8 Oct 2009
Related Topics: United States Department of the Treasury,  Franklin D. Roosevelt

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