Risk Management Lessons from the Global Banking Crisis of 2008

http://www.sec.gov/news/press/2009/report102109.pdf

Reviews the funding and liquidity central to the recent financial crisis and explores critical areas of risk management practice warranting improvement across the financial services industry. From senior financial experts from seven countries; posted by the Securities and Exchange Commission.

Educational Impact of the American Recovery and Reinvestment Act

http://www.whitehouse.gov/assets/documents/DPC_Education_Report.pdf

Describes how approximately $100 billion in emergency education funding was provided to states with ARRA funds. Also describes the educational benefits and employment outcomes resulting from the emergency funding. From the Domestic Policy Council and the Department of Education.

Recovery Through Retrofit

http://www.whitehouse.gov/assets/documents/Recovery_Through_Retrofit_Final_Report.pdf

Offers plans and recommendations for using Recovery Act funds and developing a self-sustaining energy efficiency retrofit market to make American homes more efficient. Also involves the development of a standardized home energy performance measure applicable to every American home. From the Office of the Vice-President.

Joint Report of the SEC and the CFTC on Harmonization of Regulation

http://www.sec.gov/news/press/2009/cftcjointreport101609.pdf

Responds to June 2009 administration White Paper on financial regulatory reform by describing the differing roles of securities and futures markets in capital formation. Also reviews and analyzes the current statutory and regulatory structure of the Commodity Futures Trading Commission and the Securities and Exchange Commission and offers recommendations for strengthening oversight, enhancing consumer protection, and improving regulatory coordination. From the Securities and Exchange Commission.

The Federal Government's Long-Term Fiscal Outlook: Fall 2009 Update

http://www.gao.gov/new.items/d10137sp.pdf

Describes the seriousness of the current and future financial situation for the federal government and explains how the agency runs simulations of the federal deficit. Blames economic recession, health care costs, and demographic trends for the problem. From the Government Accountability Office

Troubled Asset Relief Program

http://www.gao.gov/new.items/d1016.pdf

Subtitled: One Year Later, Actions are Needed to Address Remaining Transparency and Accountability Challenges. Discusses the evolution of TARP strategy and the status of TARP programs as of September 2009. From the Government Accountability Office.

The Role of Federal Gasoline Excise Taxes in Public Policy

http://assets.opencrs.com/rpts/R40808_20090911.pdf

Examines recent major developments relating to gasoline excise taxes and public policy: the economic downturn, gasoline price volatility, and the possible effects of climate change legislation. This report outlines some of the macroeconomic and microeconomic pros and cons of using the federal gasoline excise tax for policy purposes From the Congressional Research Service, posted by OpenCRS.org.

The FDIC's Role in the Monitoring of IndyMac Bank

http://www.fdicoig.gov/reports09%5C09-006EV.pdf

Reports on results of an investigation into the regulatory oversight role played by the Federal Deposit Insurance Corporation prior to the 2008 collapse of a prominent bank. From the Office of the Inspector General of the Federal Deposit Insurance Corporation.

The Next Phase of Government Financial Stabilization and Rehabilitation Policies

http://treas.gov/press/releases/docs/Next%20Phase%20of%20Financial%20Policy,%20Final,%202009-09-14.pdf

Describes four key elements as the government moves from rescuing to rebuilding the financial system: winding down emergency programs, diminishing reliance on federal support, recovering capital outlays from assisted banks and other financial institutions, and implementing comprehensive regulatory reforms. From the Treasury Department.

The Economic Impact of the American Recovery and Reinvestment Act of 2009

http://www.whitehouse.gov/assets/documents/CEA_ARRA_Report_Final.pdf

The first quarterly report on the effect of the so-called Stimulus Act. Provides an assessment of the effects of the act in its first 6 months. Reports that the outlay of the first $151 billion of the $787 billion authorized has resulted in adding 2.3 percentage points to real GDP growth in the second quarter. From the Council of Economic Advisors.

The Use of TARP Funds in the Suppport and Reorganization of the Domestic Automotive Industry

http://cop.senate.gov/documents/cop-090909-report.pdf

Examines the financial crisis confronting the automobile manufacturers, the government decision to provide financing assistance, the tougher terms imposed on the auto companies compared to the financial companies receiving federal help, the conflicts of interest when the government becomes a primary shareholder in a private company, and the exit strategy. Concludes that the government is unlikely to recover the full portion of its investment in Chrysler and General Motors. From the Congressional Oversight Panel.

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