News List

  • Bachus Statement on Mark to Market
    Mar 10, 2009 - "Thursday's hearing on mark-to-market accounting, which I first requested last October, will be one of the most important hearings that the Financial Services Committee will hold this year, and it could not be more timely. Last fall, I worked with Congressman Roy Blunt to add a provision to the eco... More
  • Bachus: Unreasonable Criticism and Factually Inaccurate Characterizations Have Created Atmosphere of Fear, Confusion
    Mar 10, 2009 - Today, Congressman Spencer Bachus (R-AL), the top Financial Services Committee Republican, issued this statement: "Warren Buffett's recent comments that markets are confused and fearful are right on point. Contributing to the current market confusion and fear is the constant stream of inconsistent,... More
  • Bachus Statement on Obama's Budget Proposal
    Feb 26, 2009 - - Congressman Spencer Bachus (R-AL), the top Financial Services Committee Republican, issued this statement on the Obama Administration's budget proposal to Congress: "Working-class American families are struggling to make ends meet. And rather than tightening the budget, like families across the n... More
  • Bachus Statement on Housing Bailout, Cram-Down Legislation
    Feb 26, 2009 - Throwing Good Taxpayer Money After Bad Will Not Solve Our Economic Problems • "Bankruptcy cram-down provisions included in this bill will further reward poor decisions made by a small amount of individuals and lenders, while adding uncertainty to the market and increasing mortgage costs for the vas... More
  • Republicans Urge Administration to Reconsider "Cramdown"
    Feb 24, 2009 - - Congressman Spencer Bachus (R-AL), the top Financial Services Committee Republican, and Judiciary Committee Ranking Member Lamar Smith (R-TX) have sent a letter to Treasury Secretary Timothy Geithner raising concerns about the Obama administration's plan to allow judicial modifications of home mo... More
  • Bachus Statement on Obama's Housing Plan
    Feb 17, 2009 - - Congressman Spencer Bachus (R-AL), the top Financial Services Committee Republican, issued this statement following President Barack Obama's speech laying out his administration's plan to address the housing crisis: "I applaud the president for his commitment to help keep American families in the... More
  • Bachus Statement on the Democrat-Written Trillion Dollar 'Stimulus'
    Feb 12, 2009 - Full of Non-Stimulative Wasteful Washington Spending, Measure Relies Entirely on Borrowing "The decisions we make today have long-term consequences. Today we are being rushed to make atrillion-dollar decision that will affect every American taxpayer for decades" - Congressman Spencer Bachus (R-AL), ... More
  • Bachus Statement on the Obama Administration's TARP, Banking Proposals
    Feb 9, 2009 - Calls for Government Intervention ‘Exit Strategy' - Congressman Spencer Bachus (R-AL), the top Financial Services Committee Republican, issued this statement regarding Treasury Secretary Timothy Geithner's speech on the Obama Administration's Troubled Assets Relief Program (TARP) proposals: "No one... More
  • Ranking Member Bachus: Madoff, Jefferson Co. Case Expose Regulatory Failings; Whistleblower Agrees
    Feb 3, 2009 - - Congressman Spencer Bachus (R-AL), the top Financial Services Committee Republican, said today that a failure of the Securities and Exchange Commission (SEC) to investigate credible charges is a common thread between the notorious Bernard Madoff Ponzi Fraud case and Jefferson County's sewer bond ... More
  • Bachus, Kanjorski Request GAO Study Impact of AIG Rescue Package on Insurance Market
    Jan 30, 2009 - - As indicated in today's Government Accountability Office (GAO) TARP report entitled "Status of Efforts to Address Transparency and Accountability Issues", House Financial Services Committee Ranking Member Spencer Bachus (R-AL) and Congressman Paul E. Kanjorski (D-PA), the Chairman of the Financia... More