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Franklin Raines
Franklin Delano Raines (born January 14, 1949) also known as Frank Raines is an American business executive. He is the former chairman and chief executive officer of the Federal National Mortgage Association, commonly known as Fannie Mae, who served as White House budget director under President Bill Clinton. His role leading Fannie Mae has come under scrutiny. He has been called one of the "25 People to Blame for the Financial Crisis" according to ''Time'' magazine. Early life Raines was born in Seattle, Washington, the son of a janitor. Raines graduated from Harvard College, Harvard Law School; and Magdalen College, Oxford University, as a Rhodes Scholar. Career In 1969, Raines first worked in national politics, preparing a report for the Nixon administration on the causes and patterns of youth unrest around the country related to the Vietnam War. He served in the Carter Administration as associate director for economics and government in the Office of Management and Budget ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of Management And Budget
The Office of Management and Budget (OMB) is the largest office within the Executive Office of the President of the United States (EOP). OMB's most prominent function is to produce the president's budget, but it also examines agency programs, policies, and procedures to see whether they comply with the president's policies and coordinates inter-agency policy initiatives. Shalanda Young became OMB's acting director in March 2021, and was confirmed by the Senate in March 2022. History The Bureau of the Budget, OMB's predecessor, was established in 1921 as a part of the Department of the Treasury by the Budget and Accounting Act of 1921, which President Warren G. Harding signed into law. The Bureau of the Budget was moved to the Executive Office of the President in 1939 and was run by Harold D. Smith during the government's rapid expansion of spending during World War II. James L. Sundquist, a staffer at the Bureau of the Budget, called the relationship between the president an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rhodes Scholar
The Rhodes Scholarship is an international postgraduate award for students to study at the University of Oxford, in the United Kingdom. Established in 1902, it is the oldest graduate scholarship in the world. It is considered among the world's most prestigious international scholarship programs. Its founder, Cecil John Rhodes, wanted to promote unity among English-speaking nations and instill a sense of civic-minded leadership and moral fortitude in future leaders, irrespective of their chosen career paths. Initially restricted to male applicants from countries that are today within the Commonwealth, Germany and the United States, the scholarship is now open to applicants from all backgrounds and genders around the world. Since its creation, controversy has surrounded its initial exclusion of women, its historical failure to select black Africans, and Cecil Rhodes's own standing as a British imperialist. Rhodes Scholars have achieved distinction as politicians, academics, sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Countrywide Financial
Countrywide is one of the UK's largest integrated property services group including residential property surveying, a collaboration of estate agents, and corporate services. It employs circa 8,500 personnel nationwide, working across 650+ estate agency or lettings offices operating under 50+ brands. Countrywide is a wholly owned subsidiary of Connells Group History In 1986, financial services company Hambros plc, having de-merged its banking arm, acquired two estate agents, Bairstow Eves and Mann & Co, to form a new company called Hambro Countrywide plc, which was listed on the London Stock Exchange. In 1988, the company created Hambro Assured, then the UK's largest life insurance broker. The group then grew through acquisition, buying Nationwide estate agents and surveyors from Nationwide Building Society in 1994, Spencers from National and Provincial Building Society in 1995 and London firms Faron Sutaria, PKL and John D Wood & Co. in 1997. In 1998 the business was renamed C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Generally Accepted Accounting Principles
Publicly traded companies typically are subject to rigorous standards. Small and midsized businesses often follow more simplified standards, plus any specific disclosures required by their specific lenders and shareholders. Some firms operate on the cash method of accounting which can often be simple and straight forward. Larger firms most often operate on an accrual basis. Accrual basis is one of the fundamental accounting assumptions and if it is followed by the company while preparing the Financial statements then no further disclosure is required. Accounting standards prescribe in considerable detail what accruals must be made, how the financial statements are to be presented, and what additional disclosures are required. Some important elements that accounting standards cover include: identifying the exact entity which is reporting, discussing any "going concern" questions, specifying monetary units, and reporting time frames. Limitations The notable limitations of accounting ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard J
Richard is a male given name. It originates, via Old French, from Old Frankish and is a compound of the words descending from Proto-Germanic ''*rīk-'' 'ruler, leader, king' and ''*hardu-'' 'strong, brave, hardy', and it therefore means 'strong in rule'. Nicknames include "Richie", "Dick", "Dickon", " Dickie", "Rich", "Rick", "Rico", "Ricky", and more. Richard is a common English, German and French male name. It's also used in many more languages, particularly Germanic, such as Norwegian, Danish, Swedish, Icelandic, and Dutch, as well as other languages including Irish, Scottish, Welsh and Finnish. Richard is cognate with variants of the name in other European languages, such as the Swedish "Rickard", the Catalan "Ricard" and the Italian "Riccardo", among others (see comprehensive variant list below). People named Richard Multiple people with the same name * Richard Andersen (other) * Richard Anderson (other) * Richard Cartwright (other) * Ri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ohio Attorney General
The Ohio Attorney General is the chief legal officer of the U.S. state, State of Ohio in the United States. The office is filled by general election, held every four years. The Ohio Attorney General is Republican Dave Yost. History The office of the attorney general was first created by the Ohio General Assembly by statute in 1846. The attorney general's principal duties were to give legal advice to the Government of Ohio, state government, to represent the state in legal matters, and to advise the state's county prosecutors. Originally, the attorney general was appointed by the legislature. With the adoption of Ohio Constitution#1851 Constitution, Ohio's second constitution in 1851, the attorney general became an elected office. The attorney general's duties were drawn very generally at that time. In 1952, the General Assembly passed a statute that added to the attorney general's responsibilities, including trusteeship over charitable trusts, and legal advice to more governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ... [...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] |
Clinton Administration
Bill Clinton's tenure as the 42nd president of the United States began with his first inauguration on January 20, 1993, and ended on January 20, 2001. Clinton, a Democrat from Arkansas, took office following a decisive election victory over Republican incumbent president George H. W. Bush and independent businessman Ross Perot in 1992. Four years later, in 1996, he defeated Perot again (then as the nominee of the Reform Party) and Republican nominee Bob Dole, to win re-election; in neither ballot did he obtain a majority of the popular vote. Clinton was succeeded by Republican George W. Bush, who won the 2000 presidential election. The nation experienced an extended period of economic prosperity during the Clinton presidency. While the economy remained strong, his presidency oscillated dramatically from high to low and back again, which historian Gil Troy characterized in six Acts. Act I in early 1993 was "Bush League" with amateurish distractions. By mid-1993 Clinton ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lazard Freres And Co
Lazard Ltd (formerly known as Lazard Frères & Co.) is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's largest independent investment bank, with principal executive offices in New York City, Paris and London. Lazard was founded in 1848 and operates from more than 41 cities across 26 countries in North America, Europe, Asia, Australia, and Central and South America. The firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. In 2023, Lazard celebrates its 175th year in business. History Early Years On July 12, 1848, three brothers, Alexandre Lazard, Lazare Lazard, and Simon Lazard, founded Lazard Frères & Co. as a dry goods merchant store in New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White House Domestic Policy Staff
White is the lightest color and is achromatic (having no hue). It is the color of objects such as snow, chalk, and milk, and is the opposite of black. White objects fully reflect and scatter all the visible wavelengths of light. White on television and computer screens is created by a mixture of red, blue, and green light. The color white can be given with white pigments, especially titanium dioxide. In ancient Egypt and ancient Rome, priestesses wore white as a symbol of purity, and Romans wore white togas as symbols of citizenship. In the Middle Ages and Renaissance a white unicorn symbolized chastity, and a white lamb sacrifice and purity. It was the royal color of the kings of France, and of the monarchist movement that opposed the Bolsheviks during the Russian Civil War (1917–1922). Greek and Roman temples were faced with white marble, and beginning in the 18th century, with the advent of neoclassical architecture, white became the most common color of new churches ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carter Administration
Jimmy Carter's tenure as the 39th president of the United States began with his inauguration on January 20, 1977, and ended on January 20, 1981. A Democrat from Georgia, Carter took office after defeating incumbent Republican President Gerald Ford in the 1976 election. His presidency ended following his defeat in the 1980 election by Republican Ronald Reagan. Carter took office during a period of "stagflation," as the economy experienced a combination of high inflation and slow economic growth. His budgetary policies centered on taming inflation by reducing deficits and government spending. Responding to energy concerns that had persisted through much of the 1970s, his administration enacted a national energy policy designed for long-term energy conservation and the development of alternative resources. In the short term the country was beset by an energy crisis in 1979 which was overlapped by a recession in 1980. Carter sought reforms to the country's welfare, health ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
