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Congressional Oversight Panel
5.796 documents for Congressional Oversight Panel
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EDITOR'S NOTE: This story has been updated with a letter to regulators from Sens. Levin and Merkley. WASHINGTON (Reuters) - The Republican front-runner to head a key U.S. Congressional bank oversight panel has urged regulators consider whether a new rule limiting risky trading by U.S. banks may handicap them globally, according to a letter obtained by Reuters on Thursday [Nov. 4].
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WASHINGTON (AP) -- The chairwoman of the Securities and Exchange Commission yesterday pledged better oversight of the nation's largest banks after criticism that the agency failed to spot accounting tricks at investment bank Lehman Bros. before it collapsed. Chairwoman Mary Schapiro told a congressional panel that the agency has sent letters to 19 banks seeking information about whether they are using accounting tricks that a bankruptcy examiner said masked the bank's precarious financial condition. Lehman failed in September 2008 in the largest corporate bankruptcy in U.S. history.
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What goes around comes around: Real estate is no exception to this rule. Larry Baiamonte, CPM, senior investment professional in the real estate equities division at Nationwide Insurance in Columbus, OH, said while no two downturns are exactly alike, lessons can be learned from the past to help real estate managers cope with today's market and go forward with ammunition to handle future downturns. Commercial property values have fallen more than 40% since the beginning of 2007, according to the Congressional Oversight Panel's February 2010 oversight report, "Commercial Real Estate Losses and the Risk to Financial Stability." The report also noted the largest commercial real estate loan losses are projected for 2011 and beyond, with losses at banks reaching as high as $200-$300 billion. ...
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If bankers wanted to put the controversy over flawed foreclosure paperwork behind them, events last week dashed those hopes. More than a month after allegations of flawed affidavits led some major lenders to temporarily halt foreclosures, the issue returned to the forefront. Bankers called to testify before two congressional panels assured lawmakers they were ironing out the problems and trying to keep people in their homes. At the same time, a report by the Congressional Oversight Panel, a watchdog group, warned that fallout from these practices could threaten banks with billions of dollars in losses, hurt government efforts to keep people in their homes and worsen the nation's housing market.
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WASHINGTON - The Republican-led battle against the chief federal labor agency is escalating, with the head of a key congressional oversight panel and the top lawyer for the National Labor Relations Board accusing each other of flouting constitutional and legal constraints. The fight is ostensibly over the NLRB's bid to prevent Boeing from opening a jet-manufacturing plant in South Carolina. But GOP lawmakers are portraying it as Exhibit A in their case against President Obama's alleged regulatory overreach.
