Latest News
Reacting to the stress tests
May 07 2009
Senator Warner says it appears the long-awaited results of the “stress tests” performed on leading U.S. banks are more positive than many had expected. The tests reportedly have concluded that the nation’s 19 largest banks have enough capital in reserve but may need to strengthen their holdings to absorb potential future losses.
Too big to fail?
May 06 2009
During this morning’s Banking Committee hearing on how to regulate banks and other financial institutions considered “too big to fail,” Senator Warner asked Shelia Bair, chairman of the Federal Deposit Insurance Commission, about the results of the bank “stress tests,” the results of which will be released tomorrow.
Improving Virginia's public housing
Mar 26 2009
The U.S. Department of Housing and Urban Development (HUD) has released nearly $51 million from the economic recovery package for improvements to public housing units that will directly benefit Virginia.
Continuing to push federal regulators
Mar 21 2009
Senator Warner is continuing to push federal regulators to use their existing authority to recover improper and inappropriate bonus payments made to certain executives at AIG and other financial firms receiving federal bailout assistance.
Holding regulators accountable
Mar 19 2009
Senator Warner asked top regulators today why the federal government has not used existing regulatory law to block – or recover – the shocking bonuses we’ve seen at AIG and others in the troubled financial services industry.
