Postcards
Power Point: Put a lid on anger
February 25, 2009: 6:58 PM ET"It's not about helping banks, it's about helping people. We cannot afford to govern out of anger, or yield to the politics of the moment."
-- President Obama, to Congress on Tuesday night. It was a speech obviously written for the suffering American populace. On Wednesday, Federal Reserve Chairman Ben Bernanke followed up by telling the House Financial Services Committee that at-risk homeowners need rescuing. "Some borrowers presumably knew what they were getting into," Bernanke said. He added, "In many of these situations, we have to trade off the moral hazard issue against the greater good." The National Association of Realtors revealed how bad things are: Sales of existing homes fell in January to their lowest levels in nearly 12 years. --Jessica Shambora
-
Power Point: It's all about housing
"It started with housing. It will end with housing."
- FDIC Chairman Sheila Bair this afternoon at the Fortune 500 Forum in Washington, D.C. Bair talked about the need for the federal government to deploy some of its billions to help reduce foreclosures. She hit a wall with her recent $24 billion loan-modification proposal (Treasury Secretary Hank Paulson, who spoke here yesterday, refused to divvy TARP bailout funds for that), but MORE
Patricia Sellers - Dec 2, 2008 4:41 PM ETPosted in: banks, FDIC, Hank Paulson, homeowners, housing, mortgages, Postcards, Power Point, Sheila Bair, Washington
| The Winklevoss twins are Bitcoin bulls | ||
| Bernanke's advice for college grads | ||
| Signs of new housing bubble in several areas | ||
| Prison exclusive: Bernie Madoff can't sleep | ||
| Dirty medicine |
For the latest on the most influential women in business, philanthropy, government, and the arts, like us on Facebook. 
Fortune Most Powerful Women
Sheryl Sandberg:
Gina Bianchini
In her first public interview since taking on the CEO gig at Yahoo, Marissa Mayer outlines her priorities both in and out of the company. Watch
Brenda Barnes famously quit a big job to be with her kids. Years later, a massive stroke nearly killed her--and her daughter returned the favor. Watch
Fortune senior editor at large Pattie Sellers has written some of Fortune's most talked-about cover stories, including "Marissa Mayer: Ready to Rumble at Yahoo," "Oprah's Next Act," "Can Meg Whitman Save California?" "The $100 Billion Woman" (Melinda Gates), and "Remodeling Martha" (Martha Stewart). She has helped oversee Fortune's "Most Powerful Women in Business" package every year since its launch in 1998. Pattie is Executive Director of the Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business and beyond. She oversees MPW programs that enable women leaders to extend their influence and empower the next generation—such as Fortune MPW Entrepreneurs and the Fortune-U.S. State Department Global Women Leaders Mentoring Partnership. Beyond her Fortune duties, she is also developing Live Content across Time Inc. Pattie grew up in Allentown, PA, graduated from the University of Virginia, and started at Fortune in 1984. Her blog, Postcards, is about how power players lead, manage others, and navigate their careers.
Subscribe: RSS feed | email newsletter
The Fortune/U.S. State Department Global Women Leaders Mentoring Partnership brings rising-star women from countries around the world to the U.S. for three-week mentorships with participants of the annual Fortune Most Powerful Women Summit - among them Ursula Burns of Xerox, Laura Lang of Time Inc., Marissa Mayer of Yahoo, and Tory Burch.
Read more
