Wall Street waits for details on Treasury plan
Wall Street eyes details this week on how the government will pick banks to save how toxic assets will be priced and how private investors will be drawn in. Investors seek credible plans and sustained data as major indices hover near multiyear lows and gold rises.
MENTIONED IN THIS ARTICLE
Wall Street
Treasury
New York
Washington
Barack Obama
Standard & Poor
Phil Orlando
Federated Investors
Federal Reserve
Treasury Department
White House
Congress
Hugh Johnson
Johnson Islington Advisors
Timothy Geithner
Citigroup
Bank of America
Orlando
S&P/Case
Johnson
Army charity hoards millions meant for veterans
An Associated Press investigation finds Army Emergency Relief built a $345 million reserve from 2003 to 2007 while spending $64 million on direct aid. The charity, funded largely by troops and controlled by the Army, kept about $117 million in reserves and frequently used loans as aid, raising concerns among watchdogs about hoarding and coercive fundraising. The Army oversees operations, with officers dominating the board and approving loans up to $1,000, prompting critiques that the program prioritizes stability over aid.
MENTIONED IN THIS ARTICLE
Fort Bliss
Texas
Iraq
Afghanistan
U.S
Associated Press
Army Emergency Relief
AER
Army
Navy
Air Force
Dennis Spiegel
Adm
Jan Gaudio
Navy Marine
U.S. Census Bureau
Sema Olson
U.S. Welcome Home Foundation
U.S. Army
Eric Smith
Internal Revenue Service
Marcus Owens
IRS Charity Oversight
American Institute of Philanthropy
Daniel Borochoff
Janice Gamel
Borechoff
el Paso
Col
Ed Manning
Gamel
Army Human Resources Command
Alexandria
Fort Bliss Army Community Service Center
Andrew Cohen
Air Force Aid Society
Navy-Marine Corps Relief Society
Jon Nakaishi
Tracy
Calif
Army National Guard
Nakaishi
Spiegel
Jack Tilley
Tilley
American Freedom Foundation
Also Mentioned on This Page
General Motors Corp
Citigroup Inc
Bank of America Corp
Alcoa Inc
General Electric Inc
Army Charity
Tom Tarantino
Philip Aubart
Reserve Officer Training Corps
Dartmouth College
USA Cares
Roger Stradley
Josh Bebbino
Army Community Services Office
Ridge RD
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