Word: chairmans
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...that's what appears to be on the table: A $14 billion loan, from sources undecided, to be administered by parties unknown. Said House Financial Services Chairman Barney Frank after Friday's hearing, "We will now see whether we can put a bill together...
...cost mortgages available to people making new home purchases. That would do little to help people who are already behind on their mortgage, or at risk of facing foreclosure. And many economists argue housing prices won't stop falling until foreclosure rates come down. On Thursday, Federal Reserve Chairman Ben Bernanke said that he thinks the government should do more to stop foreclosures. He named a number of possible programs, including a plan floated a few weeks ago by Sheila Bair, who heads the Federal Deposit Insurance Corporation, for the government to pay mortgage servicers $1,000 per modification...
...houses where they claim men dressed in army uniforms had killed eight, 11, and three people. Law enforcement officials had been given shoot-on-sight orders by the state governor and had used them. "The security that came to control the situation then started shooting randomly," says Alhaji Muhammed, chairman of one of the political parties at the heart of last week's contentious election. "Before the Army came it was the police that did that bad work. Instead of making arrests they started shooting...
Here's the best part. Apparently, we can pay for it all by printing money. This has been a no-no ever since Fed Chairman Paul Volcker slew the inflation dragon almost three decades ago. But now it seems the risk is deflation, not inflation, so running up a tab and printing money to pay for it is a good thing. After all, Volcker is back, heading Obama's emergency economic council. If Volcker says it's O.K., that's good enough for me. So is there a downside at all, or is this medicine so delicious that you look...
...following the recent extinction of banks like Lehman Bros. and Bear Stearns, the collapse and sale of Merrill Lynch, or he bailout of A.I.G. Richard S. Fuld, Jr., Lehman’s CEO, might not face any more discomfort than his public roasting by Rep. Henry Waxman, the new chairman of the House Committee on Oversight and Government Reform. No judge can sentence him to pay back the $300 million he took from the company in the last few years, because he did so legally—if unethically...