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Bachus to Pelosi: Why the Wait on Appointing House Conferees?
May 26, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today called on Speaker Nancy Pelosi to immediately appoint the already announced Democrat conferees and fulfill House Democrats' commitment to a transparent financial regulatory reform conference. The Senate appointed their conferees yes...
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Bachus: It is Past Time to End Bailouts of Fannie and Freddie
May 26, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today released the following statement as the committee held a hearing entitled "Federal Housing Finance Agency Oversight - Current State of the Housing Government Sponsored Enterprises," which includes taxpayer-funded Fannie Mae and Fred...
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Bachus: America Speaking Out Initiative Will Bring Real Dialogue to Washington
May 25, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today said the America Speaking Out (ASO) initiative is the latest effort by House Republicans to ensure real voices are heard in Washington and will guide the debate. "The American people are tired of being ignored when it comes to issue...
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Bachus Calls on Democrats to Immediately Appoint Financial Reg Reform Conferees
May 25, 2010
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To see the letter Ranking Member Spencer Bachus sent earlier today to Chairman Frank click here. Politico reports: "Majority Leader Steny Hoyer (D-Md.) said the conferees are not likely to be appointed until after the Memorial Day recess, saying it will be done ‘shortly after we get back.' He smile...
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Bachus Demands White House Records Regarding Reported Involvement in Chicago Bank Bailout
May 19, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today asked the Obama Administration to explain its role in the bailout of ShoreBank in light of recent reports suggesting that the Administration pressured banks that previously received funding under the Troubled Asset Relief Program (T...
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Bachus: Once Again Democrats Pick More Bailouts Over Protecting Taxpayers
May 19, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today said Democrats are again voting for more bailouts as the Committee Democrats voted to send a $30 billion bailout bill (H.R. 5297) to the floor without approving key Republican amendments to protect taxpayers and increase oversight. ...
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Bachus: Democrats' TARP 3.0 Will Do Little To Help The Economy, But Plenty To Drive Up National Debt
May 18, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today delivered the following statement during a Full Committee hearing on the Democrats' TARP 3.0 program (H.R. 5297). "Thank you, Mr. Chairman, for calling today's hearing to consider two recently-introduced bills designed to jump-start...
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Bachus: Senate Democrats Kill Off Any Chance for Real Bipartisan Reform
May 11, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today said the Senate failed taxpayers once again by killing the only amendment that would have addressed bipartisan concerns on the future of housing finance and reforming Fannie Mae and Freddie Mac. Senator McCain's amendment was largel...
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Bachus: We Must Be Cautious In Responding To Last Thursday's Market Events
May 11, 2010
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- Financial Services Committee Ranking Member Spencer Bachus made the following statement today during a Subcommittee hearing entitled, "The Stock Market Plunge: What Happened and What Is Next?" "The American financial markets are the most modern in the world. They execute trades more efficiently a...
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On The Ropes: Kanjorski Scolded on CNBC….Says Fannie/Freddie Reform "Too Complicated"
May 11, 2010
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Despite the memo-writing efforts of Chairman Frank to drown out the calls for housing finance reform in the financial regulatory reform bill, nobody's buying the Democrats' spin. Just ask Rep. Paul Kanjorski - the Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, ...
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