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  • WSJ: CBO: Fannie, Freddie Guarantees to Cost Government $42 Billion
    Jun 3, 2011 - Mortgage guarantees made by Fannie Mae and Freddie Mac in the coming decade are expected to cost the government another $42 billion, the Congressional Budget Office said Thursday. The mortgage giants were seized by regulators and placed into a federal conservatorship in September 2008 as housing pri... More
  • Luetkemeyer: Europe’s Fiscal Woes Are Lesson for U.S.
    Jun 2, 2011 - By Rep. Blaine Luetkemeyer Roll Call June 2, 2011 Our country still has a long way to go to get our nation’s fiscal house in order, but the new tone of the debate is a step in the right direction. The economic woes of the United States will not be solved in one budget alone. Our fiscal mess took yea... More
  • ICYMI: Bachus in Politico: No recess appointment for CFPB head
    May 27, 2011 - By: Rep. Spencer Bachus May 27, 2011 Because the Dodd-Frank Act places so much authority — with so little accountability — in the hands of the director of the new Consumer Financial Protection Bureau, the law requires that this administrator be nominated by the president and confirmed by the Senate... More
  • ICYMI: Obama's Millions for Fannie, Freddie Execs. But Who's Counting?
    May 26, 2011 - The Daily Beast Over the last two years, the Obama administration has approved a whopping $34.4 million in compensation to the top six executives of the financially troubled Fannie Mae and Freddie Mac mortgage giants, and lacks the necessary protections to ensure such compensation is even warranted.... More
  • FT: US Derivative Regulators Claim Laws Will Hand Trade To Europe
    May 25, 2011 - US futures regulators warned of splits in derivatives rules between the US and Europe and told lawmakers that budgetary restraints would leave them unable to enforce new laws. Read the story here: http://www.ft.com/intl/cms/s/0/4dea6cdc-8701-11e0-92df-00144feabdc0.html?ftcamp=rss#axzz1NTBvW0Kz More
  • WSJ: Obama Anti-Foreclosure Efforts Still Falling Short
    May 6, 2011 - Obama Anti-Foreclosure Efforts Still Falling Short Wall Street Journal By: Alan Zibel May 6, 2011 The Obama administration’s efforts to tackle the foreclosure crisis have long been troubled, and data released Friday show that, despite some modest successes, they are still failing to meet expectation... More
  • WSJ: Overhaul Grows and Slows
    May 2, 2011 - What is 20 times taller than the Statue of Liberty, 15 times longer than "Moby Dick" and would take the average reader more than a month to read, even if you hunkered down with it for 40 hours a week? The answer: The growing paper trail formed by the Dodd-Frank law, passed by Congress last year to g... More
  • Bachus, Hensarling: Putting the Spike in Fannie and Fred
    Apr 6, 2011 - Letters to the Editor Putting the Spike in Fannie and Fred 6 April 2011 The Wall Street Journal Regarding your editorial "Blinking on Fannie and Fred" (March 31): The need to end the taxpayer-funded bailout of Fannie Mae and Freddie Mac is an urgent matter. That's why, on March 17, we introduced H.R... More
  • FACT CHECK On Maloney Claim That Financial Regulators Operate Under A Single Director
    Apr 6, 2011 - WASHINGTON: Financial Services Committee Member Rep. Carolyn Maloney spoke out today against a proposal that places the new Consumer Financial Protection Bureau under the leadership of a bipartisan commission. At a subcommittee hearing Wednesday morning, Rep. Maloney named the Federal Reserve, the C... More
  • Subcommittee Will Vote On Chairman Bachus’ Bill To End The Lavish Salaries Of Fannie, Freddie Executives
    Apr 5, 2011 - WASHINGTON: Financial Services Committee Chairman Spencer Bachus released the following information regarding the pay of Fannie Mae and Freddie Mac executives. Later today, the Capital Markets and Government Sponsored Enterprises Subcommittee will vote on a bill introduced by Chairman Bachus to susp... More