The inclination of Congress is to take a pass on the issue of GSE reform until after the election. The problem is that the Treasury support expires in December.
The financially struggling operator of Small Smiles Dental filed for Chapter 11 bankruptcy protection to begin the process of selling its operations to repay its debts. Read the Daily Bankruptcy Review article here.
Joseph Smith, the appointed monitor for the state attorneys general settlement, should start coordinating with the OCC and Fed on their foreclosure abuse agreements now.
