10/05/09 - The administrators of Lehman Brothers' European assets may seek a direct agreement with hedge funds and other creditors to return money tied up since the firm's collapse.
08/11/2009 - Citigroup Approves $6B in New Lending Initiatives
08/06/2009 - Morgan Stanley Pays $950 Million for TARP Warrants
Jul 17,2009 - Berkshire Hathaway Rallies 6% For Best Week Since March Lows
June 9, 2009 - The Treasury Department announces that 10 of the largest U.S. financial institutions participating in the Capital Purchase Program have met the requirements for repayment established by the primary federal banking supervisors...
June 3, 2009 - The FDIC announces that the previously planned sale of impaired bank assets under the Legacy Loans Program (LLP) will be postponed. According to Chairman Bair: "Banks have been able to raise capital without having to sell bad assets through the LLP, which reflects renewed investor confidence..."
May 28, 2009 - Mortgage delinquencies hit record high in Q1
May 28, 2009 - Which senators could lose in Sonia Sotomayor vote?
May 22, 2009 - President Obama signs new rules for credit cards into law
May 20, 2009 - President Obama signs the Helping Families Save Their Homes Act of 2009, which temporarily raises FDIC deposit insurance coverage from $100,000 per depositor to $250,000 per depositor.
May 13, 2009 - The Treasury Department proposes amendments to the Commodity Exchange Act and securities laws to enhance government regulation of over-the-counter (OTC) derivatives markets.
Federal Housing Finance Agency
May 12, 2009 - Fannie Mae reports a loss of $23.2 billion for the first quarter of 2009. Freddie Mac reports a first quarter 2009 loss of $9.9 billion, and a net worth deficit of $6.0 billion as of March 31, 2009.
Commercial Mortgage-Backed Securities
May 1, 2009 - The Federal Reserve Board announces that, starting in June, commercial mortgage-backed securities (CMBS) and securities backed by insurance premium finance loans will be eligible collateral under the Term Asset-Backed Securities Loan Facility (TALF).
Apr 24, 2009 - The Federal Reserve Board publishes a white paper describing the process and methodologies employed by federal banking supervisory authorities in their forward looking assessment ("stress test") of large U.S. bank holding companies.
Apr 9, 2009 - The Federal Reserve announces new reciprocal currency agreements (swap lines) with the Bank of England, the European Central Bank, the Bank of Japan and the Swiss National Bank that would enable the provision of foreign currency liquidity by the Federal Reserve to U.S. financial institutions.
Apr 1, 2009 - Federal Reserve Chairman Bernanke and Federal Reserve Bank of New York President Dudley respond to questions from the Congressional Oversight Panel about the Term Asset-Backed Loan Facility (TALF), explaining in detail the rationale and operation of the TALF.
Mar 31, 2009 - The General Accounting Office (GAO) releases a report on the status of efforts to address transparency and accountability issues for the Troubled Asset Relief Program (TARP).
Mar 19, 2009 - The FDIC completes the sale of IndyMac Federal Bank to OneWest Bank. OneWest will assume all deposits of IndyMac, and the 33 branches of IndyMac will reopen as branches of OneWest on March 20.
Mar 19, 2009 - The U.S. Department of the Treasury announces an Auto Supplier Support Program that will provide up to $5 billion in financing to the automotive industry.
Mar 18, 2009 - The FOMC votes to maintain the target range for the effective federal funds at 0 to 0.25 percent.
Mar 11, 2009 - Freddie Mac announces that it had a net loss of $23.9 billion in the fourth quarter of 2008, and a net loss of $50.1 billion for 2008 as a whole.
Mar 2, 2009 - The Treasury Department and Federal Reserve Board announce a restructuring of the government's assistance to American International Group (AIG).
Feb 27, 2009 - The Federal Deposit Insurance Corporation (FDIC) announces changes in its risk-based assessment system and a 20 basis point emergency special assessment on insured depository institutions to be collected on September 30, 2009.
Feb 26, 2009 - Fannie Mae reports a loss of $25.2 billion in the fourth quarter of 2008, and a full year 2008 loss of $58.7 billion.
Feb 26, 2009 - The FDIC announces that the number of "problem banks" increased from 171 institutions with $116 billion of assets at the end of the third quarter of 2008, to 252 insured institutions with $159 billion in assets at the end of fourth quarter of 2008.
Feb 25, 2009 - The Federal Reserve Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and Office of Thrift Supervision announce that they will conduct forward-looking economic assessments or "stress tests" of eligible U.S. bank holding companies with assets exceeding $100 bil.
Feb 18, 2009 - President Obama announces The Homeowner Affordability and Stability Plan.
Feb 17, 2009 - President Obama signs into law the "American Recovery and Reinvestment Act of 2009", which includes a variety of spending measures and tax cuts intended to promote economic recovery.
Feb 10, 2009 - U.S. Treasury Secretary Timothy Geithner announces a Financial Stability Plan involving Treasury purchases of convertible preferred stock in eligible banks, the creation of a Public-Private Investment Fund to acquire troubled loans and other assets from financial institutions...
Feb 6, 2009 - The Federal Reserve Board releases additional terms and conditions of the Term Asset-Backed Securities Loan Facility (TALF). Under the TALF, the Federal Reserve Bank of New York will lend up to $200 billion to eligible owners of certain AAA-rated asset-backed securities backed by newly and recently
National Credit Union Administration
Jan 28, 2009 - The National Credit Union Administration (NCUA) Board announces that the NCUA will guarantee uninsured shares at all corporate credit unions through February 2009 and establish a voluntary guarantee program for uninsured shares of credit unions through December 2010.
Jan 16, 2009 - The U.S. Treasury Department purchases a total of $1.4 billion in preferred stock from 39 U.S. banks under the Capital Purchase Program.
Jan 13, 2009 - The Federal Home Loan Bank of Seattle reports that it will likely report a risk-based capital deficiency and suspend its dividend because of a decline in the market value of its mortgage-backed securities portfolio.
Jan 9, 2009 - At the request of President-Elect Obama, President Bush submits a request to Congress for the remaining $350 billion in TARP funding for use by the incoming administration
Dec 30, 2008 - U.S. Treasury Department purchases a total of $1.91 billion in preferred stock from seven U.S. banks
Dec 28, 2008 - WaMu Built Empire on Shaky Loans
Dec 19, 2008 - A 1997 change that ended the capital gains tax on home sales was a new incentive to plow money into real estate.
Dec 18, 2008 - As regulators sift through the financial rubble, there are questions about the role of lavish bonuses in the debacle.
Dec 7, 2008 - Lured by profits during the housing boom, credit-rating agencies overlooked the risk of mortgage debt.
Nov 23, 2008 - Citigroup Saw No Red Flags Even as It Made Bolder Bets
Nov 9, 2008 - Merrill Lynch couldn’t escape the housing crash as record waves of homeowners defaulted on their mortgages.
Oct 23, 2008 - Treasury Secretary Henry M. Paulson Jr. said Lehman Brothers could not have been rescued.
Oct 15, 2008 - For years Henry G. Cisneros helped low-income families buy homes, part of a trend with dire consequences.
Oct 10, 2008 - Pressured to Take More Risk, Fannie Reached Tipping Point
Oct 3, 2008 - Credit Crisis Spiraled, Alarm Led to Action
