Word: cases
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...provide supervision of bank operations. For OCC to investigate, it must first get a Suspicious Activity Report (SAR) from the Financial Crimes Enforcement Network (FinCEN), also part of Treasury. But for FinCEN to act, it must receive a confidential SAR from a bank. No report, no investigation. In the case of JPMorgan Chase, SARs are issued by the director of global anti-money-laundering, William Langford. Langford was not available for comment. Spokesmen for both OCC and FinCEN could not comment...
...extraordinary request that the Treasury be given plenary powers over the fate of a broad spectrum of financial firms would put it in a position where it could be judge, jury, and executioner in a case like...
...example, many Mortgage Backed Securities ("MBS"), a species of ABS, became toxic following the collapse of the housing market. Like all ABS, MBS derive their value from underlying loans, in this case, mortgages. A large group of mortgages provides the payment stream to the holders of ABS in the form of individual interest and principal payments made by a borrower to the bank...
...broader authority to deal with future AIGs," Geithner warned the committee. "Our responsibility is to recommend to Congress what's necessary to help get the economy back on track. And if that requires more resources, it will be our obligation to come to you and make the case for that...
...almost every case, after talk of brotherhood came talk of war. Over tea in a small Iraqi Army station in Wana, a gray town on the northern outskirts of town, I watched Kurdish Peshmerga and U.S. Infantry officers discuss the continuing insurgency efforts with the Iraqi Army. "We are one army. But even if you gave millions of dollars to this area, there would still be problems here," said Walleed Rasheed, a member of the Peshmerga who identified himself simply as a soldier. "When the U.S. Army leaves this area, the terrorists will kill a lot of people." The officer...