* WASHINGTON (1/11/10)--Advice the government gave to American International Group (AIG) regarding its bailout is being scrutinized by lawyers and policymakers (The New York Times
Jan. 8). They question whether the information needed to be disclosed under federal law. Joel Seligman, Securities and Exchange Commission historian, said companies are supposed to disclose all information, but the term is not clearly defined. But, when an organization is troubled, disclosures are more important, observers said. However, others say regulators keep their discussions with struggling institutions private to prevent bank runs. The latest concerns arose after Rep. Darrel Issa (R-Calif.) obtained e-mails from AIG and Timothy Geithner when he was with the Federal Reserve Bank of New York. Geithner is now Treasury secretary ... * WASHINGTON (1/11/10)--The Federal Housing Finance Agency (FHFA) has issued a notice in the Federal Register
of proposed rulemaking on Minority and Women Inclusion that implements Section 1116 of the Housing and Economic Recovery Act of 2008. The rule
requires Fannie Mae, Freddie Mac, Federal Home Loan Banks and the Federal Home Loan Bank System’s Office of Finance to maintain a diversity program. The rule also would require each entity to report demographic data on diversity in employment and contracting ...