By Chairman Spencer Bachus
CNBC
Supporters of the Dodd-Frank Act boldly promised that by increasing government control over the economy to an unprecedented degree, they would end "too big to fail" and thus save taxpayers from future AIG-style bailouts.
But as we approach the second anniversary of Dodd-Frank and the fourth anniversary of the bailouts of AIG, Fannie Mae and Freddie… Read more »
Rep. Jeb Hensarling (R-TX)
Washington Times
The news of J.P. Morgan Chase's recent trading loss has raised the cry of "I told you so" from proponents of the almost 2-year-old Dodd-Frank Act. They say the law's Volcker rule would have prevented such a loss and that without more regulation, financial institutions will continue to make poor investment decisions.
As an opponent of… Read more »
By REP. SCOTT GARRETT
Investor's Business Daily
Posted 05/14/2012 06:14 PM ET
Are you fed up with our lackluster recovery and stubbornly high unemployment? Do you wonder why, three years after we officially pulled out of the Great Recession, we still haven't hit our economic stride? Look no further than the current occupant of 1600 Pennsylvania Avenue.
The reason… Read more »
By Joe Brettell
Published April 26, 2012
FoxNews.com
President Obama and Congressional Democrats have shifted into full campaign mode, using every taxpayer funded campaign stop to raise money and continue their efforts to incite class warfare around the country. While these intentionally divisive methods seem at odds with the president’s 2008 message of “hope and change,” it makes… Read more »
By James Rosen
Published April 19, 2012
FoxNews.com
It is the most powerful federal agency you’ve never heard of -- and lawmakers from both parties on Thursday vowed to keep abreast of its astonishing growth and rein it in, if necessary.
The Office of Financial Research, or OFR, was created by the Dodd-Frank financial services overhaul that President Obama signed into law in July… Read more »
America’s $15.7 trillion national debt continues to grow at an alarming rate. Though most economists agree we’re on an unsustainable path, the president and his allies in the Democratic Senate have done nothing about it. They hope to return to their old ways of borrowing trillions without making dollar-for-dollar cuts. Congressional Republicans are trying to impose a bit of… Read more »
Local banks in Missouri are voicing a concern that is being heard in communities all across the country about the 400 new regulations in the Dodd-Frank Act.
As the Columbia Daily Tribune notes:
“As local banks work to regain their footing, a cloud of uncertainty hangs over their heads: Hundreds of new regulations, mandated by the Dodd-Frank financial reform bill passed… Read more »
A U.S. House panel Thursday advanced bipartisan legislation to make it easier for smaller companies to launch initial public offerings, the latest in a series of bills designed to spur job creation.
The House Financial Services Committee voted 54-1 to pass the measure, which aims to improve smaller companies' access to capital by easing certain securities regulations, ranging from audit… Read more »
By Stacy Kaper
National Journal
President Obama took a jab at lawmakers this week, saying “Congress still needs to send me the bill I've proposed" on housing. But the White House has not sent any legislative language to Capitol Hill for lawmakers to consider, and does not intend to, according to sources briefed on the administration’s plans.
Although the White House says it often… Read more »
The Washington Times
Monday, February 6, 2012
Though Fannie Mae and Freddie Mac sparked the housing collapse that crippled the economy, President Obama now wants them to play an even greater role. The president on Wednesday announced his "blueprint for an America built to last," which would have the government-backed mortgage giants underwrite more loans. "We need to do everything in… Read more »
