Full Committee

Financial Services Committee Chairman Spencer Bachus announced a subcommittee hearing and full committee markup of four bills that will terminate failed and ineffective housing foreclosure programs. The four proposals – which terminate the troubled Home Affordable Modification Program (HAMP), the Neighborhood Stabilization Program, the FHA Refinance Program, and the Emergency Homeowner… Read more »

Financial Services Committee Chairman Spencer Bachus today announced the Committee will convene a hearing on the Department of Housing and Urban Development’s budget request for Fiscal Year 2012.  Secretary Shaun Donovan will be the hearing’s only witness.  The hearing will take place on Tuesday, March 1st at 2 pm in room 2128 Rayburn.   Chairman Bachus said, “America… Read more »

Financial Services Committee Chairman Spencer Bachus today announced the Committee will convene a hearing with Treasury Secretary Timothy Geithner to review the Obama Administration’s report on housing finance. The hearing will be held on Tuesday, March 1st at 10 am in room 2128 Rayburn. Chairman Bachus said, “Bringing a real end to the bailout of Fannie Mae and Freddie Mac is one of… Read more »

Published: Wednesday, 15 Sep 2010 | 8:30 AM ET  CNBC As we mark the second anniversary of the Lehman bankruptcy and the AIG bailout, I am reminded of a joke that economists tell about themselves that goes something like this:   A physicist, a chemist and an economist are stranded on an island, with nothing to eat. A can of soup washes ashore. The physicist says,… Read more »