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Alston & Bird LLP | USA | 22 Mar 2010

Dodd requests DOJ investigation of Lehman over accounting manipulation

On Friday, Senate Banking Committee Chairman Chris Dodd (D-CT) sent a letter to U.S. Attorney General Eric Holder requesting an "investigation" of the activities at Lehman Brothers Holdings, Inc. (Lehman) and other companies that "may have engaged in accounting manipulation."


Alston & Bird LLP | USA | 13 Nov 2009

Federal housing administration actuarial study reveals capital reserve ratio below statutory threshold

Yesterday, the Federal Housing Administration (FHA) announced that its annual independent actuarial study revealed that the FHA has "sustained significant losses from loans made before 2009, and the capital reserve ratio has fallen below the congressionally mandated threshold."


Alston & Bird LLP | United Kingdom | 20 Jul 2009

Sir David Walker publishes review of corporate governance of UK banking industry

On July 16, British banker Sir David Walker published a report entitled "A review of corporate governance in UK banks and other financial industry entities."


Alston & Bird LLP | USA | 11 Mar 2009

Joint Economic Committee holds hearing on TARP transparency

This morning, the U.S. Congress Joint Economic Committee (JEC) held a hearing entitled “TARP Accountability and Oversight: Achieving Transparency” to discuss the ability to track what recipients of Troubled Asset Relief Program (TARP) funds have done with the money, and whether the program is a cost-effective use of taxpayer funds.

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