As an added service to our members, the ABI will feature topics of interest, debates and studies about bankruptcy, the economy and other relevant areas. This issue of the newsletter features a report from the U.S. Government Accountability Office about the Treasury's response to the financial crisis through implementation of the Troubled Asset Relief Program. In the report, the GAO tracks how the Treasury attempts to return the debt portfolio to pre-market crisis structure. Strategies include reduction of reliance on cash management bills, raising cash and securities and improving Treasure Inflation Protected Securities' liquidity. Please click the link below to read the summary and full report from the GAO.
Debt Management: Treasury Was Able to Fund Economic Stabilization and Recovery Expenditures in a Short Period of Time, but Debt Management Challenges Remain
The ABI is pleased to announce your Legislation Commitee Co-Chairs. Karen Cordry of the National Association of Attorneys General in Washington, D.C. and John D. McMickle of Winston & Strawn LLP in Washington, D.C. have accepted the positions for the 2010-2011 term. Ms. Cordry and Mr. McMickle will draw on their previous experience as Co-Chairs to serve for another year.
The ABI would also like to thank Hon. Jeffery P. Hopkins of the U.S. Bankruptcy Court (S.D. Ohio) in Cincinnati and Hon. David W. Houston of the U.S. Bankruptcy Court (N.D. Miss.) in Aberdeen, Miss. for their service as Co-Chairs. Judges Hopkins and Houston have contributed greatly to the leadership of the committee over the past several years and the ABI looks forward to working with both of them in other capacities going forward. To view a complete list of your current committee leaders, please click here.
