In order to shed some light on the complete, factual story, we generated a statistical analysis, which was created using information from the Congressional Budget Office, the White House Office of Management and Budget, the U.S. Department of the Treasury, the Financial Management Service, and the National Bureau of Economic Research.
National City , the Cleveland bank that, in the end, might become the poster child for the credit crisis, confirmed it was under a memorandum of understanding with the Office of the Comptroller of the Currency, the Treasury Department arm regulating national banks.
Congress, the Treasury Department, the National Association of Securities Dealers, the Securities and Exchange Commission and the Municipal Securities Rulemaking Board are weighing in, troubled by the fact that broker-sold plans may charge a load and often have annual expenses of more than 2%.
National City (nyse: NCC - news - people ), the Cleveland bank that, in the end, might become the poster child for the credit crisis, confirmed it was under a memorandum of understanding with the Office of the Comptroller of the Currency, the Treasury Department arm regulating national banks.
The Treasury Department plans to sell the preferred stock of deadbeat banks such as Saigon National as part of its plans to close TARP.
With us today, we have National Security Advisor to the Vice President Tony Blinken, Senior Director for Asian Affairs on the national security staff Danny Russel, and Undersecretary for International Affairs at the Department of Treasury Lael Brainard.
Hamilton's role as the architect of America's financial system is fairly well known: he founded the Treasury department and unified the national currency and debt.
This idea has been championed by conservative policy entrepreneurs such as Ramesh Ponnuru of National Review and Robert Stein, a veteran of George W. Bush's Treasury Department, yet it has met with fierce resistance from The Wall Street Journal editorial board, which sees it as an unjustifiable tax giveaway that is an unhelpful distraction from the need to cut marginal tax rates.
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