Will Ethics Committee Investigate New Allegation Against Maxine Waters?
The House Ethics Committees says it will take up its charges against Rep. Maxine Waters (D-CA) following its trial of Rep. Charles Rangel (D-NY). But what exactly will it consider?Last August, the...
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Senate Bill to Repeal Fannie Mae/Freddie Mac Repackages Old Problems
For nearly five years, Fannie Mae and Freddie Mac have operated under federal conservatorship. A number of observers, including lawmakers on Capitol Hill, think that's too long. What's more, they want...
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Johnson-Crapo Fannie Mae/Freddie Mac Repeal Bill Misses Larger Issues
Never underestimate the ability of Congress to address a problem through symbolic action. Over the weekend, Sens. Tim Johnson, D-S.D., and Mike Crapo, R-Idaho, introduced a bill, the Housing Finance...
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Court Forces Government to Release Documents in Fannie/Freddie Suit
The burden carried by the holders of stock in mortgage giants Fannie Mae and Freddie Mac, each operating for nearly six years under federal conservatorship, just got lighter. On July 16, U.S. Court of...
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Documents Reveal Government Saw Gold in Fannie Mae/Freddie Mac Profit 'Sweep'
Two years ago, in August 2012, the U.S. Treasury Department issued its so-called "sweep" rule forcing mortgage giants Fannie Mae and Freddie Mac to surrender all future profits. Shareholders were...
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Teamsters Central States Pension Fund Puts PBGC in Jeopardy
Decades ago, the Teamsters’ Central States Pension Fund was a project of organized crime. In the future, it may well be a project of Pension Benefit Guaranty Corporation, the federal agency that...
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Treasury Rejects Teamster Pension Compromise; Losses Mount
The word “troubled” doesn’t even begin to describe the Teamsters’ Central States Pension Fund. “Desperate” is more like it. Last Friday, May 6, the Treasury Department announced that it had rejected...
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