In the News

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.
The U.S. Army Corps of Engineers announced today that it will award Virginia over $32 million in contracts and grants from the economic recovery package for a number of water resource projects throughout the state. An additional $9 million in loans was awarded by the U.S. Department of Agriculture for six projects in Southwest Virginia.