Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Inside Washington (10/16/2008)
* WASHINGTON (10/17/08)--Federal Reserve Board Chairman Ben Bernanke said in a speech before the Economic Club of New York Wednesday that the Federal Reserve Board believes that the difficulties experienced by firms in financial distress should be addressed through private sector arrangements. “Government assistance should be provided with the greatest reluctance and only when the stability of the financial system, and thus the health of the broader economy, is at risk.” Bernanke also mentioned the Troubled Asset Relief Program (TARP), which was announced earlier this week. “We look to strong institutions to participate in this capital program,” he said ... * WASHINGTON (10/17/08)--Sen. Charles Schumer (D-N.Y.), Joint Economic chairman, said Treasury Department officials appear receptive to some guidelines he wants placed on banks regarding how they are using funds provided by the government to free up credit (CongressDaily Oct. 15). Schumer is concerned the money will not make its way to “Main Street,” and thus encouraged the Treasury to adopt four guidelines. The guidelines would urge banks to use the money to aid small business, refinance mortgages, limit executive compensation and prevent the use of “exotic financial instruments” ...


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
10 hours ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago