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Accounting and Management Problems at Freddie Mac

Description: This report summarizes the extent of accounting and management problems at Freddie Mac. The report highlights the issues of selecting policies to report constant earnings, and undertaking certain transactions for the sake of creating a facade of reported earnings. Finally, the report discusses the consequences of these problems by stating that many of the Freddie Mac's executives have been replaced, fines were issued, and a lawsuit occurred.
Date: November 15, 2005
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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Terrorism Insurance - The 2002 Marketplace

Description: The terrorist attacks of September 11 resulted in the largest insured catastrophic loss in history, estimated to total as much as $70 billion. Even though the insurance industry committed to pay losses resulting from the attacks, industry spokesmen asserted that in view of the impending unavailability of terrorism reinsurance on January 1, 2002, primary insurers would not be able to cover future terrorism losses on renewals of commercial risk policies without a federal backstop. This report con… more
Date: January 15, 2002
Creator: Woodall, S. Roy, Jr.
Partner: UNT Libraries Government Documents Department
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China and the CNOOC Bid for Unocal: Issues for Congress

Description: The bid by the China National Offshore Oil Corporation (CNOOC) to acquire the U.S. energy company Unocal for $18.5 billion raised many issues with U.S. policymakers. This report provides an overview and analysis of the CNOOC bid, U.S. interests, implications for U.S. energy security, U.S. investment in the PRC’s (People’s Republic of China’s) oil industry, the process for reviewing the security and other implications of foreign investment in the United States, Congressional activity, and a list… more
Date: September 15, 2005
Creator: Nanto, Dick K.; Jackson, James K.; Morrison, Wayne M. & Kumins, Lawrence C.
Partner: UNT Libraries Government Documents Department
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The Federal Arbitration Act: Background and Recent Developments

Description: Enacted in 1925, the Federal Arbitration Act (“FAA”) seeks to ensure the validity and enforcement of arbitration agreements in any “maritime transaction or . . . contract evidencing a transaction involving commerce.” In general, the FAA evidences a national policy favoring arbitration. However, the application of the FAA to various types of arbitration agreements has been the subject of numerous lawsuits. This report provides a brief legislative history of the FAA, as well as a review of select… more
Date: August 15, 2003
Creator: Shimabukuro, Jon O.
Partner: UNT Libraries Government Documents Department
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Primer on Energy Derivatives and Their Regulation

Description: Prices of oil and other energy commodities are set in futures and derivatives markets, where producers, commercial users, and financial speculators buy and sell contracts whose value is linked to the price of the underlying commodity. Trading occurs on regulated futures exchanges and in a largely unregulated over-the-counter (OTC) market; both forms of trading are global in scope. This report presents basic information about these markets, the instruments traded, the regulatory framework, specu… more
Date: July 15, 2008
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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FY2004 Supplemental Appropriations for Iraq, Afghanistan, and the Global War on Terrorism: Military Operations

Description: This report mainly discusses about the FY2004 Supplemental Appropriations for Iraq, Afghanistan, and the Global War on Terrorism: Military Operations. Bill Young has recently said that he hopes to have conference report on supplemental appropriations.
Date: October 15, 2003
Creator: Daggett, Stephen; Nowels, Larry; Tarnoff, Curt & Margesson, Rhoda
Partner: UNT Libraries Government Documents Department
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Accounting Problems at Fannie Mae

Description: On September 22, 2004, the Office of Federal Housing Enterprise Supervision (OFHEO) made public a report that was highly critical of accounting methods at Fannie Mae, the government-sponsored enterprise that plays a leading role in the secondary mortgage market. OFHEO charged Fannie Mae with not following generally accepted accounting practices in two critical areas: (1) amortization of discounts, premiums, and fees involved in the purchase of home mortgages and (2) accounting for financial der… more
Date: November 15, 2005
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
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Lumber Imports from Canada: Issues and Events

Description: This report discuses lumber imports from Canada and provides a concise historical account of the dispute, summarizes the subsidy and injury evidence, and discusses the current issues and events.
Date: September 15, 2003
Creator: Gorte, Ross W. & Grimmett, Jeanne J.
Partner: UNT Libraries Government Documents Department
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Countercyclical Job Creation Programs

Description: To counter the effect of recessions on workers, Congress has passed legislation to spur job creation through increased spending on public works (infrastructure) and public service programs, revenue sharing with state governments, and employment tax credits. Although the economic stimulus measure enacted during the 110th Congress did not include these direct job creation approaches, additional spending on infrastructure in particular was considered before Congress recessed. (See CRS Report RL343… more
Date: January 15, 2009
Creator: Levine, Linda
Partner: UNT Libraries Government Documents Department
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