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Tag Archives: treasury department

Bernanke to give deposition in AIG bailout lawsuit

WASHINGTON — A U.S. judge has ordered that Federal Reserve Chairman Ben Bernanke can be questioned in a lawsuit against the government filed by the former head of American International Group Inc. It is rare for a Fed chairman to ...

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Health law’s rule delay could hamper enforcement

WASHINGTON — There’s a bit of a domino effect undercutting President Barack Obama’s health care law. Enforcement of the overhaul’s central mandate — that individual Americans must have coverage — could be weakened by the Obama administration’s recent delay of ...

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Freddie Mac posts $1.2B net income for 2Q

WASHINGTON — Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn’t requesting any additional federal aid for the period. The government rescued Freddie and larger sibling Fannie Mae in September 2008 after ...

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Gov’t bars Fannie-Freddie from reducing principal

WASHINGTON — A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama administration. The Federal Housing Finance Agency announced the decision ...

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Inspector General: Foreclosure aid program flawed

WASHINGTON — The Treasury Department rushed out a major revamp of its foreclosure-prevention program in 2010, limiting the plan’s ability to help people who are unemployed or owe more than their homes are worth, a government watchdog says. Treasury’s Hardest ...

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