As President Obama reminds Americans that Memorial Day is more than the casual start of summer, many veterans advocates are eagerly waiting for more details about his plans for a revamped veterans program. Monday is “a time to reflect on what this holiday is all about; to pay tribute to our fallen heroes; and to remember the servicemen and women who cannot be with us this year because they are standing post far from home — in Iraq, Afghanistan and around the world,” Obama said in his weekly address Saturday
Sheila Bair, head of the Federal Deposit Insurance Corporation , is working hard to reassure everyone that her banks, all 8,305 of them, are safe. Repeating her familiar mantra Wednesday on the CBS Morning Show, Bair said of FDIC-protected accounts, “Nobody’s ever lost a penny of insured deposits.” Bair had good reason to be out on the stump
Bank of America CEO and Chairman Kenneth Lewis has been issued a subpoena by the New York State Attorney General’s Office, which is investigating whether the bank violated state law by withholding information from investors, a source familiar with the investigation told CNN. Attorney General Andrew Cuomo has been highly critical of Wall Street firms in general and Merrill Lynch in particular for the way they have conducted themselves in the midst of a financial crisis.
A U.S. Border Patrol helicopter went down Thursday night near the San Onofre Nuclear Generating Station, according to the Federal Aviation Administration