Saturday, February 28, 2009
Friday, February 27, 2009
On Wednesday, Temecula Valley Bancorp - the parent of the bank - said the bank agreed to a cease-and-desist order issued by the Federal Deposit Insurance Corp. and California Department of Financial Institutions, which mandates the bank abide by numerous management and lending rules.
The Federal Deposit Insurance Corp. has issued cease-and-desist orders against two Minnesota banks for engaging in "unsafe or unsound business practices."
The federal agency, which insures the nation's bank deposits, cited both Horizon Bank of Pine City and Paragon Bank of Wells for operating with inadequate capital and failing to set aside adequate allowances for possible loan losses, according to separate cease-and-desist orders filed in January but made public today.
Columbia River Bank has received a cease-and-desist order from the Federal Deposit Insurance Corp. and the Oregon Division of Finance and Corporate Securities that requires the bank to maintain higher capital levels, among other measures to improve its safety and soundness.
Columbia River Bank is held by The Dalles-based Columbia Bancorp (NASDAQ:CBBO).
Thursday, February 26, 2009
|Pelosi throws cold water on weapons ban|
|By Mike Soraghan|
|Posted: 02/26/09 11:59 AM [ET]|
House Speaker Nancy Pelosi tossed cold water on the prospect of reinstating the assault weapons ban, highlighting Democrats’ reluctance to take on gun issues.
Attorney General Eric Holder raised the prospect Wednesday that the administration would push to bring back the ban. But Pelosi (D-Calif.) indicated on Thursday that he never talked to her. The Speaker gave a flat “no” when asked if she had talked to administration officials about the ban.
“On that score, I think we need to enforce the laws we have right now,” Pelosi said at her weekly news conference. “I think it's clear the Bush administration didn’t do that.”
Outside of the dig at the recent Republican president, that phrase is the stock line of those who don’t want to pass new gun control laws, such as the National Rifle Association.
The White House declined to comment on Holder's remarks, referring reporters to the Department of Justice. The DoJ did not respond to The Hill's request for comment.
Wednesday, February 25, 2009
Laura and Army 1st Sgt. Rodney Prosser with their daughter Heidi, 11, and son Keith, 13, sit in front of what remains of their Greensburg, Kan., home after it was destroyed by a category F5E tornado, May 4, 2007. They and the rest of the Greensburg community have resolved to rebuild their town as a global example of clean energy.
Tuesday, February 24, 2009
9 p.m. ET everywhere. Obama should last about an hour, then Jindal takes over for 15 minutes. Here’s my Twitter prediction of what Jindal would say from early this afternoon, and here’s the excerpt of his speech released for publication a little while ago. How’d I do?
Compare and contrast the big finish to his rebuttal…
“A few weeks ago, the President warned that our nation is facing a crisis that he said ‘we may not be able to reverse.’ Our troubles are real, to be sure. But don’t let anyone tell you that we cannot recover - or that America’s best days are behind her.”
…with the key passage to the speech he’s rebutting. Hmmm:
But while our economy may be weakened and our confidence shaken; though we are living through difficult and uncertain times, tonight I want every American to know this: We will rebuild, we will recover, and the United States of America will emerge stronger than before.
The boss has already provided the Cliff’s Notes version of The One’s speech in case you don’t feel like watching. Or, if you prefer a longer treatment, try the AP’s report from the future on an address that hasn’t been delivered yet. Sounds like it was a smash. Exit question: Does the fact that the very first “Jindal is a Muslim” rumors are starting to swirl mean he’s officially arrived on the national stage?
Update: Politico helpfully prepares Jindal for the inevitable “you reeked” backlash.
Update: I forgot Churchill in the headline, but Chris Matthews didn’t. Follow the link for Buchanan’s retort.
|Man Threatens President Obama|
|02-24-2009 3:04 AM|
(Omaha, NE) -- Johnnie Galarza was accused of threatening to shoot President Obama soon after the election. Yesterday, officials in U.S. District Court in Omaha said the charge will be dismissed if Galarza undergoes psychiatric rehabilitation. Fifty-five-year-old Galarza had openly talked about how to shoot Obama during a therapy session. The remarks were reported to authorities by his Department of Veterans Affairs counselor. Galarza says he has been suffering from depression and post-traumatic stress from his days as an Army combat sniper. Galarza is not considered to be a dangerous person, according to an analysis from his therapist.
Ben Bernanke: best hope is recovery in 2010
The Federal Reserve chairman said that the US economy will only recover if Washington’s bail-out plans succeed this year
Sunday, February 22, 2009
As well as greater supervision of all financial markets and instruments, leaders underlined the need to reassess the issue of pay at finance firms.
French President Nicolas Sarkozy added: "We all agreed that we can no longer tolerate the reward package system for traders and bankers."
There has been much criticism of bankers' bonuses, which have been high despite their bank's poor performance.
Leaders also said they wanted to crack down on tax havens.
Ms Merkel said: "As far as uncooperative players, tax havens or areas where non-transparent business is carried out are concerned, we need to develop sanction mechanisms. These must be made very concrete," she said
She added that a list would be drawn up "clearly showing which the unco-operative jurisdictions are."
Saturday, February 21, 2009
Last summer, former Abu Ghraib investigator ret. Army Maj. Gen. Antonio Taguba said that the Bush administration had “committed war crimes” and needed to be “held to account.” Yesterday, 18 human rights organizations, former State Department officials, and former law enforcement and military leaders — including Taguba — signed onto a letter asking the President to create a non-partisan commission to investigate the Bush administration’s torture policies. In a new interview with Salon, he explains why:
I feel we have to come to terms with policies that have gained such notoriety and have been debated about whether they were in the best interest of our national security, and whether those who created these policies were pressured by their senior leadership. […]
[I support] a structured commission with some form of authority with clear objectives and a follow-on action plan. I’m not looking for anything that is prosecutorial in nature, unless a suspected violation of relevant laws occurred, which should be referred to the Dept of Justice.
He was convicted for his role in the March 2007 incident, of shooting two of four Iraqi detainees who were bound, blindfolded and killed execution-style beside a Baghdad canal.
Gov. Jindal rejects funds for his unemployed after his state runs out of unemployment funds, Huh? (From Think Progess)
Jindal Rejects $90 Million In Recovery Funding That Would Have Benefited 25,000 Louisiana Residents»
When President Obama signed the Economic Recovery and Reinvestment Act last week, it included three different provisions to benefit unemployed workers. The first provided funding to states that allowed for a $25 per week increase in benefits. The second extended the Emergency Unemployment Compensation (EUC) program which gives 20 weeks of federally-funded unemployment benefits to individuals “who had already collected all regular state benefits,” while the third provisionwidened the pool of people eligible to receive unemployment benefits.
Today, however, Louisiana Governor Bobby Jindal announced his intention to opposechanging state law to allow his Lousiana citizens to qualify for the second two unemployment provisions. Jindal said the state would only be accepting money to increase the unemployment insurance payments for those who currently qualify for unemployment insurance.
In all, Jindal turned away nearly $100 million in federal aid for his state’s unemployed residents. Further, as the National Employment Law Project projected on Febuary 13, EUC extension alone would have benefited 24,981 Louisiana residents. Jindal justified his decision by claiming that expanding unemployment benefits would result in tax increases for businesses. In a press release, the governor’s office explained:
The Governor said the state will not use a portion of the stimulus package that requires the state to change its law to expand unemployment insurance (UI) coverage to qualify for up to $32.8 million of the federal stimulus funding because it ultimately would result in a tax increase on Louisiana businesses.
But it is not clear why participating in the expanded unemployment insurance program would result in tax increases for business. By Jindal’s own estimate, the recovery package would have funded his state’s unemployment expansion for three years, at which point the state could — if it chose to do so — phase out the program.
As New Orleans Mayor Ray Nagin suggested earlier today, perhaps Jindal’s presidential ambitions are “clouding” his judgement. “I think he’s been tapped as the up-and-coming Republican to petition a run for president the next time it goes around. So he has a certain vernacular, and a certain way he needs to talk right now,” Nagin said.
Wednesday, February 18, 2009
Tuesday, February 17, 2009
Missouri bridge construction is first stimulus project under wayThe Associated Press
TUSCUMBIA, Mo. | Construction crews began work on a replacing a rural Missouri bridge just minutes after President Barack Obama signed a $787 billion stimulus package.
The Missouri bridge project was expected to be the first in the nation to get started under the stimulus plan. Missouri transportation officials met at the bridge Tuesday and quickly approved its replacement as a way of showing that infrastructure expenditures can have an immediate economic effect.
The 1,000-foot bridge crosses a Missouri River tributary about 30 miles southwest of the state Capitol. It was built in 1933. It was closed to large trucks in 2007 because of structural concerns.
The Missouri Department of Transportation also planned to begin work Tuesday on three other projects.