Fed's Bies-market must prepare for U.S. rate rise - 2004-02-25
Federal Reserve Governor Susan Schmidt Bies indicated on Wednesday that at some point the official federal funds rate will climb, and financial market participants need to prepare for that day.

Bies also echoed Federal Reserve Chairman Alan Greenspan's Tuesday warning that the unchecked growth of giant mortgage finance companies Fannie Mae and Freddie Mac, could pose risks to the U.S. financial system.
Read the full story at Reuters

Have Credit Unions Lost Their Way? - 2004-02-25
U.S. banks have long been unhappy with unfair competition from credit unions, which are nonprofits exempt from federal taxes as well as various regulatory requirements.

And in an analysis of mortgage loan records, GAO found that 27% of credit union mortgages went to borrowers with low or moderate incomes, compared to 34% for traditional banks.
Read the full story at Forbes