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Posts Tagged ‘ Action ’

Bernanke Senate Testimony: “Prepared to take action as needed”

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Bernanke Senate Testimony: “Prepared to take action as needed”

Federal Reserve Chairman Ben Bernanke testimony “Economic Outlook and Policy” before the Joint Economic Committee, U.S. Senate: Concerns about sovereign debt and the health of banks in a number of euro-area countries continue to create strains in global financial markets. The crisis in Europe has affected the U.S. economy by acting as a drag...
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Nothaft: Obama jobs plan, Fed action could mean better 2012

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Nothaft: Obama jobs plan, Fed action could mean better 2012

The Federal Reserve will need help from Congress in order to boost economic growth with its latest policy announcement, according to Freddie Mac Chief Economist Frank Nothaft. The Fed said last week it will purchase 0 billion in long-term Treasurys and reinvest principal and interest payments from agency mortgage-backed securities it already bought during...
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Congress Pushes for Judicial Action Against Fraud Used to Shift Loss onto GSEs

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Congress Pushes for Judicial Action Against Fraud Used to Shift Loss onto GSEs

Letters from members of Congress released Friday urged President Obama and the Federal Housing Finance Administration (FHFA) to use aggressive administrative power to recover money from companies that used fraudulent and deceptive practices to shift losses on to Fannie Mae and Freddie Mac. Congressman Barney Frank (D-MA), Chairman of the House of Financial Services,...
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