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Michael Barr

Treasury Officials Weighing Options To Avoid Default

Reuters | Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan | Posted 09.05.2011 | Business

By Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan WASHINGTON (Reuters) - A small team of U.S. Treasury officials is discussing opti...

Big Banks Want Fannie And Freddie's Government Backing

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

As the government struggles to revamp Fannie and Freddie, big banks are trying to capitalize on changes to the government sponsored enterprises. Trea...

White House To Lose Two Top Economic Aides

Wall Street Journal | Damian Paletta | Posted 05.25.2011 | Business

WASHINGTON--Two more of the Obama administration's top economic advisers are departing at a time when the White House is facing growing opposition to ...

Shahien Nasiripour

Obama Team On Furor Over Foreclosures: 'Problem For The Banks and Servicers To Fix'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

This story was updated at 10:00 p.m. ET to include additional information from a Treasury spokesman. U.S. Housing and Urban Development Secretary Sha...

Shahien Nasiripour

Barney Frank: Elizabeth Warren Should Head CFPB, By Recess Appointment If Necessary

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

If President Obama fears Elizabeth Warren won't be confirmed by the Senate to head the new Consumer Financial Protection Bureau, he should just appoin...

Shahien Nasiripour

Obama Admin Praises Elizabeth Warren But States 'There Are Other Candidates As Well' To Lead CFPB

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Top Obama administration officials rushed to praise leading consumer advocate and bailout watchdog Elizabeth Warren on Friday as being "exceptionally ...

Consumer Agency's Path Will Be Set By First Chief

Wall Street Journal | Posted 05.25.2011 | Business

More than 400 pages of legislation detail the duties and powers of the Consumer Financial Protection Bureau that Congress is set to create. But the fi...

Shahien Nasiripour

Obama's Treasury Dept Working To Defeat Derivatives Proposal 'Of Utmost Importance' To Reforming Wall Street

HuffingtonPost.com | Shahien Nasiripour | Posted 06.14.2010 | Business

A Senate proposal to force banks to shed their lucrative yet risk-laden derivatives units -- which is vehemently opposed by Wall Street -- is gaining ...

Obama Admin Too Busy To Deal With Fannie, Freddie, Says Assistant Treasury Secretary

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011 | Business

The Washington Post reports that according to Michael Barr, the assistant Treasury secretary for financial institutions, the Treasury Department has b...

Mortgage Principal Reduction: Why "Re-Equifying" Borrowers Could Exacerbate The Mortgage Mess

WSJ | James R. Hagerty | Posted 05.25.2011 | Business

Many critics of the Obama administration's mortgage loan-modification program say it won't work because it doesn't do enough to address "negative equi...

Shahien Nasiripour

Obama Foreclosure Plan Falling Far Short Of Targets

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration disclosed on Friday that it has made little progress in helping struggling homeowners attain long-term relief under its signa...

Shahien Nasiripour

Obama Administration Praises Consumer Protection Bill, Deflects Criticism Of Loopholes

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration on Friday strongly praised a House committee's vote to create a new federal consumer financial protection agency, despite the...

Obama Tries To Shame Mortgage Industry Into Helping Homeowners

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The Obama administration wants to shame the mortgage industry into doing a better job of helping borrowers avoid losing their homes...