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Washington
Inside Washington (02/27/2008)
* WASHINGTON (2/28/08)--A hearing scheduled for today regarding compensation packages for executives from Countrywide Financial Inc., Citigroup and Merrill Lynch and Co. has been postponed to accommodate the schedules of witnesses (American Banker Feb. 27). A House committee is investigating the executives’ salary and retirement packages after the companies lost money in the housing crisis ... * WASHINGTON (2/28/08)--The Federal Deposit Insurance Corp. (FDIC) plans to beef up its staff in the Division of Resolutions and Receiverships as problems continue to arise in the housing market (Dow Jones Feb. 27). The FDIC is planning to bring 25 retirees back, many of whom worked for the agency during the savings and loans crisis in the late 1980s. The FDIC currently has 223 employees in the department, based in Dallas ...


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Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
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