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Bachus Calls On Secretary Geithner to Focus on Producing Economic Certainty
Sep 22, 2010
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- Financial Services Committee Ranking Member Spencer Bachus made the following statement during a full committee hearing on "The State of the International Financial System, Including International Regulatory Issues Relevant to the Implementation of the Dodd-Frank Act." "America is the largest eco...
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Bachus Statement on President Obama's CNBC "Town Hall"
Sep 20, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today released the following statement as President Obama deflected all blame for Americans' economic woes during a "town hall" hosted by CNBC in Washington, D.C. "The record levels of government spending and deficits, along with politica...
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Bachus Statement on President Obama's Appointment of Elizabeth Warren as "Credit Czar"
Sep 17, 2010
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September 17, 2010 - Financial Services Committee Ranking Member Spencer Bachus today released the following statement upon reports of President Obama's decision to override the clear intent of the law by placing Professor Elizabeth Warren in a staff level "credit czar" position, running the powerf...
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Bachus Calls On Chairman Frank To Hold Legislative Hearing On Republican Plan To End The Bailout Of Fannie And Freddie
Sep 15, 2010
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- Financial Services Committee Ranking Member Spencer Bachus made the following statement during a Capital Markets Subcommittee hearing on Fannie Mae and Freddie Mac. "During the two years that Fannie Mae and Freddie Mac have been controlled by the Federal government, House Republicans have introdu...
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Bachus: The Administration’s “Bailout Authority”: Assume We Have a Can-Opener?
Sep 15, 2010
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Published: Wednesday, 15 Sep 2010 | 8:30 AM ET CNBC As we mark the second anniversary of the Lehman bankruptcy and the AIG bailout, I am reminded of a joke that economists tell about themselves that goes something like this: A physicist, a chemist and an economist are stranded on an island, with no...
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FACT CHECK: Administration's Academic Forum Creates New Ways for Democrats to Procrastinate Instead of Reforming Fannie and Freddie
Aug 17, 2010
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As the Administration pulls together their ideological allies for an intellectual exercise on how to keep the government involved in housing finance, taxpayers are demanding an end to the unlimited bailout of the two enterprises that started the housing mess and led to the financial crisis. Democrat...
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Bachus: Democrats Claim "No Urgency" to Reform Fannie and Freddie While Taxpayers Are Forced to Guarantee $6 Trillion of their Debt
Aug 17, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today said that contrary to the sluggish pace of the Obama Administration and claims by Chairman Barney Frank that reform is not urgent, Congress must immediately address Fannie Mae and Freddie Mac, and the Treasury Department's conference...
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Bachus: Did Fannie Mae Exploit HAMP To Benefit From Incentive Payments Offered By Obama Administration?
Aug 6, 2010
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- Financial Services Committee Ranking Member Spencer Bachus urged Chairman Barney Frank to convene a hearing to examine whether Fannie Mae executives improperly implemented the Home Affordable Modification Program (HAMP) in order to benefit from incentive payments offered by the Treasury Department...
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Bachus Urges Chairman Frank To Convene Required Oversight Hearing to Examine the Effect of Volcker Rule on American Competitiveness
Jul 30, 2010
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- Financial Services Committee Ranking Member Spencer Bachus sent the following letter to Chairman Barney Frank urging him to schedule the required annual hearing in which the Treasury Secretary testifies on the state of the international financial system, citing, among other reasons, the need to ex...
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Bachus: Democrats Cozy Up to Failed Regulators While Republicans Push to Streamline Regulation
Jul 30, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today said Democrat obstruction of efforts by House Republicans to streamline the financial regulatory structure in the Dodd-Frank Act is yet another failure of the majority to prevent a potential crisis. Earlier today, the International M...
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