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 »
By Peter Schroeder
Lawmakers in both the House and Senate are turning their ire towards hefty bonuses handed out to Fannie Mae and Freddie Mac executives into legislation.
Sens. John McCain (R-Ariz.) and Jay Rockefeller (D-W.V.) announced Wednesday that they planned on offering an amendment that would prohibit executives at the troubled mortgage giants from receiving future bonuses… Read more »
By Winthrop Quigley
Albuquerque Journal
Most of New Mexico’s smaller banks survived the 2008 financial panic and the worst recession since the 1930s in pretty good shape. They are not so sure they can survive new federal regulations put in place in response to the panic.
Thomas M. Hoenig, who is retiring as president of the Kansas City Federal Reserve Bank this month, said in an… Read more »
By Winthrop Quigley
Albuquerque Journal
SANTA FE — Bankers looking for understanding and support as they struggle with new federal regulations need look no further than the third floor of the Toney Anaya Building on Cerrillos Road where the state’s chief financial institutions regulator has her office.
Cynthia Richards, who was appointed in July, finds many of the… Read more »
Paul Wyche
The Journal Gazette
Recessions come and recessions go, but the one constant economic rejuvenator has remained housing.
That is the mantra of Rick Davidson, president and CEO of Century 21 Real Estate, who was in Fort Wayne on Tuesday to attend the grand opening of Century 21 Bradley Realty Inc.’s new branch at the Dupont Place strip mall, 2928 E. Dupont Road.
“Nationally,… Read more »
By Claude R. Marx
WASHINGTON — House Financial Services Committee Chairman Spencer Bachus said Tuesday an overabundance of regulation is hampering the nation’s economic recovery.
“Regulation is killing America,’’ the Alabama Republican told NAFCU’s Congressional Caucus at the Mayflower Hotel. He said the government issues a new regulation once every two hours and 20… Read more »
By NAFCU
September 21, 2011
Regulatory overreach was a recurring theme during NAFCU’s Congressional Caucus Tuesday, with House Financial Services Committee Chairman Spencer Bachus, R-Ala., urging attendees to tell lawmakers how credit unions are being impacted.
To illustrate the excessive number of regulations under the Dodd-Frank law,… Read more »
A proposal to punish the hard-money regional bank presidents.
Among Washington's modern ironies is that liberals think a Federal Reserve that is increasingly a creature of the White House and Congress has too much independence. So along comes Barney Frank with a plan to make the central bank even more political than it already is, in particular by cutting out its regional presidents and… Read more »
By Ben Weyl, CQ Staff
As part of his new jobs package, President Obama endorsed a GOP proposal that would exempt smaller companies that are planning to sell public shares from registering with the Securities and Exchange Commission.
In his Thursday speech, Obama said his plan would “cut away the red tape that prevents too many rapidly growing startup companies from raising capital and… Read more »
