Uploaded by MainStreetInsider on May 24, 2011

On Tuesday, May 24th 2011, during a hearing in a House Oversight and Government Reform subcommittee, Chairman Patrick McHenry (NC-10) ended the hearing by calling Elizabeth Warren a liar. It was a messy and confusing ending for all watching. Warren had stated that the Chairman’s staff and her, after a late-night, last-minute schedule change, had agreed to let her leave by 2:15 to meet other obligations. You can see the look of shock on her face when he outright calls her a liar.

This video, recorded live, comes from the Oversight and Government Reform Committee’s live feed.

The Federal Deposit Insurance Corporation (FDIC) today announced Chairman Sheila C. Bair’s official departure will be effective July 8th, 2011. Consistent with previous public statements, Chairman Bair has announced her intention to depart the agency following the expiration of her term as Chairman. The FDIC will hold a board meeting during the first week of July. This will be Chairman Bair’s final board meeting.

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Source: FDIC.gov

MERSCORP Names Bill Beckmann New President & CEO, he will also lead the Reston-based company’s subsidiary Mortgage Electronic Registration Systems Inc.

During his tenure at CitiMortgage, the company had four million residential mortgage customers, representing over $800 billion in serviced assets. Beckmann had responsibility for strategy, sales, operations, capital markets, and regulation/compliance. Prior to this, he was president of Citigroup’s real estate servicing and technology group, providing customer service, technology and default management services to customers of CitiMortgage, CitiFinancial and Citi’s Auto business.

From 1997 to 2003 Beckmann was the chairman and CEO of The Student Loan Corporation. He has also worked in IBM’s Corporate Strategy and Internet Marketing divisions, Citigroup’s Card Products group, and European American Bank’s strategy department in various marketing, strategy, finance and treasury roles.

Beckmann is on the Boards of Junior Achievement of Mississippi Valley, Enterprise Community Partners and Enterprise Community Investments. He holds an M.S. in Management from the Stanford Sloan Program and a B.A. in Mathematical Economics from Brown University.

source: MERSINC.org