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Fannie/Freddie Reform: Why Do Democrats Continue to Drag Their Feet?
Jul 27, 2010
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The failure of the Democrats to even consider meaningful reforms to fix Fannie Mae and Freddie Mac - the two government sponsored entities at the heart of the financial crisis that are propped up by unlimited taxpayer support - is irresponsible, and a total abdication of congressional responsibilit...
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Bachus: Democrats Continue to Drag Their Feet on Reforming Fannie Mae, Freddie Mac
Jul 27, 2010
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- Financial Services Committee Ranking Member Spencer Bachus made the following statement today regarding the announcement by the Administration that it will convene a conference on the future of housing finance next month. "The Administration continues to drag its feet in providing Americans with a...
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Bachus Questions Democrats' Timing in Rushing So-Called "Wall Street" Reform Before Releasing Record $1.47 Trillion Deficit Figure
Jul 23, 2010
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- Financial Services Committee Ranking Member Spencer Bachus questioned the timing of the Democrats' rushed "Wall Street" reform bill as the Obama administration released an annual report today showing this year's deficit will be the largest in history, at $1.47 trillion. "The rush for the most ove...
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Bachus: Democrat Policies Further Economic Uncertainty, Destroy Jobs
Jul 22, 2010
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July 22, 2010 - Financial Services Committee Ranking Member Spencer Bachus today made the following statement during the Full Committee hearing with Federal Reserve Chairman Ben Bernanke on the state of the economy. Click here to view the video of Ranking Member Bachus' remarks. "Thank you, Chairma...
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Fed Chairman Admits in Questioning That U.S. Has "Done Nothing" to Address Unsustainable Debt Path, Democrat Tax Hikes an "Option
Jul 22, 2010
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- In response to questions from Financial Services Committee Ranking Member Spencer Bachus on the potential for Democrat tax increases and ways to address the dangerous level of national debt, Federal Reserve Chairman Ben Bernanke admitted the U.S. has "done absolutely nothing" to develop a credibl...
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Bachus: Republican Warnings of Collateral Damage from Dodd-Frank Already Proven Right
Jul 21, 2010
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July 21, 2010 - Financial Services Committee Ranking Member Spencer Bachus today said the American economy is already suffering from collateral damage based on sloppy provisions in the Dodd Frank Act signed into law today. A change forged by Rep. Mary Jo Kilroy (D-OH) exposes the nation's three maj...
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Bachus: After The Talk Of Shutting Down Betting on Wall Street, Democrats Move To Open Casinos In Every Home, Dorm Room
Jul 21, 2010
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- Financial Services Committee Ranking Member Spencer Bachus made the following statement during a committee hearing on H.R. 2267. "The timing of today's hearing on Chairman Frank's proposal to legalize gambling over the Internet strikes some of us as ironic, to say the least. After all the talk dur...
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Bachus Statement As President Obama Signs Law to Reward Wall Street At The Expense Of Main Street Jobs
Jul 21, 2010
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- Financial Services Committee Ranking Member Spencer Bachus made the following statement today as President Obama signed the Dodd-Frank Act into law. "Just like with health care, the legislation the President signed into law today is a government takeover of the economy. The President and Democrats...
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Bachus: How Many More Reasons Do The Democrats Need Before Acting On Fannie And Freddie?
Jul 21, 2010
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- Financial Services Committee Ranking Member Spencer Bachus made the following statement regarding the quarterly report to Congress by the Special Inspector General for the Troubled Asset Relief Program (SIGTARP). The SIGTARP found that taxpayers stand behind $6 trillion of Fannie Mae and Freddie ...
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Bachus Statement During SEC Oversight Hearing
Jul 20, 2010
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July 20, 2010 - Financial Services Committee Ranking Member Spencer Bachus made the following statement today during the Capital Markets Subcommittee hearing entitled, "Oversight of the U.S. Securities and Exchange Commission: Evaluating Present Reforms and Future Challenges." In April, Ranking Mem...
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