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Bob Corker

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Fannie, Freddie Reform Bill Introduced In Senate

A bill aiming to spur substantive reform of the government's role in housing finance was introduced Thursday by a bipartisan group of senators. The "Jumpstart GSE Reform Act" would prevent Congress from using any increase in certain fees charged by mortgage buyers Fannie Mae and Freddie Mac to offset other government spending. In addition, the U.S. Department of the Treasury would be prohibited from selling its preferred shares in Fannie and Freddie without an OK from Congress and structural housing finance reform. Critics say that Congress and the administration have been too slow on reforming Fannie and Freddie, with many concerned about partisan discord preventing meaningful progress in the near term. The GSE bill, backed by Democrats and Republicans, aims to jump-start the reform process. "We know our housing finance system is not sustainable in its current form, and this legislation will keep us on a path to accomplish real reforms. We believe that as we transition Fannie and Fred...

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  2. Fiscal Cliff Stare Down Continues

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  6. Sen. Corker Calls for Investigation Into J.P. Morgan’s losses

    Sen . Bob Corker , (R-Tenn.), on efforts to have a hearing and investigate the bank’s losses.

  7. US Senator Wants JP Morgan's Dimon To Appear Before Panel

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  8. Senate Banking Panel To Hold Hearings After JP Morgan Loss

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  9. Senate Committee to Meet on Wall Street Reform

    The Senate Banking Committee plans to hold hearings in the coming weeks on Wall Street reform, during which members will likely press U.S. regulators about the tradi...

  10. Senator Asks For Hearing On J.P. Morgan Trading Loss

    Sen. Bob Corker (R., Tenn.) called on Friday for a congressional hearing on the events surrounding J.P. Morgan Chase & Co.'s (JPM) $2 billion trading loss.Corker, a ...

  11. Former Fed Chair Volcker Brushes Off Trading Curb Concerns

    Upcoming trading regulations won't put banks out of business, former Federal Reserve Chairman Paul Volcker told lawmakers Wednesday, dismissing concerns that the rul...

  12. Is it Worth Buying Long-Term Care Insurance? ‎

    "The Boomer" is a column written for adults nearing retirement age and those already in their "golden years." It will also promote reader interaction by posting e-ma...

  1. Fed's Bernanke to testify on monetary policy on February 26-27

    U.S. Federal Reserve Chairman Ben Bernanke will deliver two days of congressional testimony on monetary policy and on the economy on February 26 and 27, committee ai...

  2. Drama on Capitol Hill? You Ain't Seen Nothing Yet

    President Barack Obama and congressional Republicans face even bigger budget battles in the next two months after a hard-fought "fiscal cliff" deal narrowly averted ...

  3. CEOs Vow to Continue Debt Fight

    U.S. executives largely panned the congressional deal to steer America away from the "fiscal cliff," saying Washington wasted an opportunity to address the nation's ...

  4. Congress Defuses Bomb That it Built

    Myopic stock investors, apparently relieved that a measure of uncertainty has been lifted from the markets, are cheering the tax deal that -- temporarily at least --...

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  6. More Talks, Still No Fiscal Cliff Deal

    The White House and House of Representatives Speaker John Boehner's office held more negotiations on Monday on ways to break the "fiscal cliff" stalemate, but Republ...

  7. Obama, Boehner Resumed Fiscal-cliff Talks: Report

    The White House and Republican House Speaker John Boehner met Sunday to discuss the fiscal cliff as some top Republicans signaled they are giving up their opposition...

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