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Armando Falcon
Armando Falcon, Jr. (born June 4, 1960) is the former Director of the Office of Federal Housing Enterprise Oversight (OFHEO), a position he held from 1999 to 2005. During this period, he led an investigation of financial misconduct at Fannie Mae and Freddie Mac, is credited with raising early warning signs about the risks posed by both companies. The end result of the investigation led by Armando Falcon against Fannie Mae accounting – No misconduct by Fannie Mae CFO J. Timothy Howard and special recognition by the judge in the subject case of Mr. Howard's honest and ethical performance of his duties. Career Prior to OFHEO, Falcon served on the legal staff of the Committee on Banking and Financial Services in the U.S. House, where he joined as Counsel in 1989 and was promoted to General Counsel in 1995. While at the Banking Committee, he acted as an adviser on many major financial issues, including the Savings and Loan crisis, and also helped to draft legislation regarding the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armando Falcon, Jr
Armando may refer to: * Armando (given name) * Armando (artist) (1929–2018), the name used by Dutch artist Herman Dirk van Dodeweerd * Armando (producer) Armando Gallop (sometimes written as Armando Gallup) (February 12, 1970 – December 17, 1996), who released material under his first name only, was an American house-music producer and DJ who was an early contributor to the development of acid ... (1970–1996), Chicago house producer * ''Armando'' (album), studio album by rapper Pitbull * Armando (''Planet of the Apes''), a fictional character {{disambiguation, hndis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of Federal Housing Enterprise Oversight
The Office of Federal Housing Enterprise Oversight (OFHEO) was an agency within the Department of Housing and Urban Development of the United States of America. It was charged with ensuring the capital adequacy and financial safety and soundness of two government sponsored enterprises—the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). It was established by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992. OFHEO was managed by a director, appointed by the president and ratified by the Senate. The final director was James B. Lockhart III, assuming the position during a time of crisis as acting director April 28, 2006, when nominated, confirmed to the post on June 15, and sworn in June 26, 2006. The previous Director was Armando Falcon, Jr, confirmed September 29, 1999, and forced to resign February 4, 2003, over the release of critical oversight reports However, the White House withdrew ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Nation
''The Nation'' is an American liberal biweekly magazine that covers political and cultural news, opinion, and analysis. It was founded on July 6, 1865, as a successor to William Lloyd Garrison's '' The Liberator'', an abolitionist newspaper that closed in 1865, after ratification of the Thirteenth Amendment to the United States Constitution. Thereafter, the magazine proceeded to a broader topic, ''The Nation''. An important collaborator of the new magazine was its Literary Editor Wendell Phillips Garrison, son of William. He had at his disposal his father's vast network of contacts. ''The Nation'' is published by its namesake owner, The Nation Company, L.P., at 520 8th Ave New York, NY 10018. It has news bureaus in Washington, D.C., London, and South Africa, with departments covering architecture, art, corporations, defense, environment, films, legal affairs, music, peace and disarmament, poetry, and the United Nations. Circulation peaked at 187,000 in 2006 but dropped to 145,0 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fannie Mae
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal, the corporation's purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS), allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or "thrifts"). Its brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac. In 2022, Fannie Mae was ranked number 33 on the ''Fortune'' 500 rankings of the largest United States corporations by total revenue. __TOC__ History Background and early decades Historically, most housing loans in the early 1900s in the United States were s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freddie Mac
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia.Tysons Corner CDP, Virginia ". . Retrieved on May 7, 2009. The FHLMC was created in 1970 to expand the secondary market for in the US. Along with the Fe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large national audience. Daily broadsheet editions are printed for D.C., Maryland, and Virginia. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. Financier Eugene Meyer purchased it out of bankruptcy in 1933 and revived its health and reputation, work continued by his successors Katharine and Phil Graham (Meyer's daughter and son-in-law), who bought out several rival publications. The ''Post'' 1971 printing of the Pentagon Papers helped spur opposition to the Vietnam War. Subsequently, in the best-known episode in the newspaper's history, reporters Bob Woodward and Carl Bernstein led the American press's investigation into what became known as the Watergate scandal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The University Of Texas School Of Law
The University of Texas School of Law (Texas Law) is the law school of the University of Texas at Austin. Texas Law is consistently ranked as one of the top law schools in the United States and is highly selective—registering the 8th lowest acceptance rate among all U.S. law schools for the class of 2022—with an acceptance rate of 17.5%. According to Texas Law’s 2019 disclosures, 90 percent of the Class of 2019 obtained full-time, long-term bar passage required/JD advantage employment nine months after graduation. The school has 19,000 living alumni. Amongst its alumni are U.S. Supreme Court Justice and U.S. Attorney General Tom C. Clark; U.S. Secretary of State James A. Baker; U.S. Secretary of Treasury Lloyd Bentsen; White House Senior Advisor Paul Begala; Speaker of the U.S. House of Representatives Sam Rayburn; litigator Sarah Weddington who represented Jane Roe in the seminal case Roe v Wade; Wallace B. Jefferson, the first African American Chief Justice of the T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John F
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died c. AD 30), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (lived c. AD 30), one of the twelve apostles of Jesus * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope Jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard University
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and one of the most prestigious and highly ranked universities in the world. The university is composed of ten academic faculties plus Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer only graduate degrees, including professional degrees. Harvard has three main campuses: the Cambridge campus centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment is valued at $50.9 billion, making it the wealthiest academic institution in the world. Endowment inco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stephen Douglas Johnson
Stephen Douglas Johnson (1963–2003), also known as Steve Johnson, was a Washington, D.C. banking lawyer; a chief lobbyist for the banking and insurance industries; U.S. House Chief Counsel for Financial Institutions and Consumer Credit from February 1995 to November 1997, the heyday of the Gingrich Revolution; and Bush Administration Senior Advisor to the Office of Federal Housing Enterprise Oversight (OFHEO) where among his varied duties he assisted the director Armando Falcon in the investigation of financial misconduct at Fannie Mae and Freddie Mac. Falcon was forced to resign in February 2003 by President George W. Bush for releasing critical oversight reports stemming from the investigation. The investigation and reports were harbingers of the worldwide financial crisis which was to occur. The forced resignation of Falcon led Johnson to resign immediately even though Bush eased up and allowed Falcon to finish his term. Career Johnson was Chief Counsel of the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James B
James is a common English language surname and given name: *James (name), the typically masculine first name James * James (surname), various people with the last name James James or James City may also refer to: People * King James (other), various kings named James * Saint James (other) * James (musician) * James, brother of Jesus Places Canada * James Bay, a large body of water * James, Ontario United Kingdom * James College, York, James College, a college of the University of York United States * James, Georgia, an unincorporated community * James, Iowa, an unincorporated community * James City, North Carolina * James City County, Virginia ** James City (Virginia Company) ** James City Shire * James City, Pennsylvania * St. James City, Florida Arts, entertainment, and media * James (2005 film), ''James'' (2005 film), a Bollywood film * James (2008 film), ''James'' (2008 film), an Irish short film * James (2022 film), ''James'' (2022 film), an Indian Kannada ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Housing And Urban Development Officials
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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