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  • Oversight Of Mutual Funds On Capital Markets Subcommittee Agenda
    Jun 29, 2011 - The Capital Markets and Government Sponsored Enterprises Subcommittee gathered on Friday, June 24th for a hearing titled, "Oversight of the Mutual Fund Industry: Ensuring Market Stability and Investor Confidence". Subcommittee Chairman Scott Garrett stated the intent of the hearing was to “to focus... More
  • Support for U.S. Covered Bond Act Grows
    Jun 21, 2011 - Three national real estate groups voiced support for H.R.940, the U.S. Covered Bond Act, on Tuesday. Introduced by Congressman Scott Garrett, H.R. 940 would create a legislative framework to allow U.S. financial institutions to issue covered bonds. Covered bonds are a form of debt in which specific ... More
  • It’s the Republicans’ Fault!
    Jun 16, 2011 - During the June 14th Financial Institutions and Consumer Credit Subcommittee hearing that examined whether the Dodd-Frank Act really ended “too big to fail” (as some Democrats claim it did), Ranking Member Barney Frank said it is the Republicans’ fault for creating a “false perception” that “too big... More
  • Red Tape Rising
    Jun 15, 2011 - The crushing burden of more and more regulations from Washington (400 new rule-makings due to the Dodd-Frank Act alone) has led one columnist to conclude that if the United States enters another depression, “the likely reason will be new financial rules.” If through ineptitude and inattention the f... More
  • And the answer is “no”
    Jun 14, 2011 - When President Obama signed the Dodd-Frank Act into law last summer, he set in motion the most ambitious changes to financial institution regulation since the Great Depression. The supporters of Dodd-Frank held out the promise that by increasing government control over the economy to an unprecedente... More
  • BLOOMBERG HEADLINE: Consumer Bureau to ‘Nudge’ Americans Toward Rational Decisions
    Jun 3, 2011 - June 3, 2011 Because we’re from the government and we’re here to help you make the ‘correct’ decisions about your life. “While the academics may suggest giving consumers a ’nudge,’ by the time Washington gets finished, this nudge has become a shove, if not a punch in face.” Read the full story below... More
  • “Too Big To Fail” Continues
    Jun 2, 2011 - Recently, Democrats have claimed in speeches and media interviews that the Dodd-Frank Act ended “too big to fail” and the bailouts. However, the facts show the Dodd-Frank Act sets up a permanent bailout authority that will continue to privatize profits, and socialize losses. The Special Inspector Ge... More
  • Obama’s Millions for Fannie, Freddie Execs. But Who’s Counting?
    Jun 1, 2011 - John Solomon, a former Associated Press reporter who is now at the Center for Public Integrity, recently wrote about an issue for the Daily Beast that deserves more attention than it gets: Over the last two years, the Obama administration has approved a whopping $34.4 million in compensation to the ... More
  • A Threat to American Jobs
    May 25, 2011 - “If we create a prohibitively expensive and rigid climate for the use and trading of derivatives in the United States, the market could very well shift overseas, and once markets leave they will not return. Undoubtedly, foreign markets are closely examining how U.S. regulators are implementing Dodd... More
  • Financial Services Committee Takes Action to Cut Spending and End Failed Government Programs
    May 18, 2011 - In order to get our economy growing, Congress must reduce government spending. Our nation faces a record-breaking deficit of $1.4 trillion dollars and a record-breaking debt of more than $14 trillion. We must get America’s fiscal house in order and stop spending money we don’t have. Republicans on t... More