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Financial Services Committee Hearing in Alabama Will Focus on Cybercrime Threat
Jun 9, 2011
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The Financial Services Committee, chaired by Rep. Spencer Bachus, will hold a hearing on June 29 at the National Computer Forensics Institute in Hoover, Alabama on the threat cybercriminals pose to individuals and financial institutions. The National Computer Forensics Institute trains law enforceme...
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Chairman Bachus: Jobs Are Top Concern as Committee Readies To Receive Treasury’s Report On International Financial System
Jun 8, 2011
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The Financial Services Committee, chaired by Rep. Spencer Bachus, will receive testimony from Treasury Secretary Timothy Geithner on the state of the international financial system at a hearing on Wednesday, June 15 at 10 a.m. in room 2128 Rayburn. Financial Services Committee Chairman Spencer Bachu...
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WSJ: CBO: Fannie, Freddie Guarantees to Cost Government $42 Billion
Jun 3, 2011
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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...
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Chairman Bachus: “HUD Must Ensure Every Dollar Dedicated to Affordable Housing is Used Responsibly and Any Misused or Misappropriated Funds Are Promptly Repaid”
Jun 3, 2011
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Financial Services Committee Chairman Spencer Bachus delivered the following statement today at a full committee hearing on HUD’s management of the Home Investment Partnerships Program: “The HOME Investment Partnerships Program is the federal government’s largest housing construction program for the...
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Bachus: Weak Job Report Underscores Importance Of Committee’s Work
Jun 3, 2011
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Continuing the Committee’s focus on promoting job creation, improving the economy and reforming the nation’s housing system, Financial Services Committee Chairman Spencer Bachus announced the planned Committee schedule for the remainder of June. From the start of the 112th Congress, under Chairman B...
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BLOOMBERG HEADLINE: Consumer Bureau to ‘Nudge’ Americans Toward Rational Decisions
Jun 3, 2011
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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...
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Luetkemeyer: Europe’s Fiscal Woes Are Lesson for U.S.
Jun 2, 2011
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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...
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“Too Big To Fail” Continues
Jun 2, 2011
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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...
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Subcommittee Approves Bill To Promote American Jobs Through Exports
Jun 2, 2011
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The International Monetary Policy and Trade Subcommittee, chaired by Rep. Gary G. Miller, today unanimously approved legislation to help U.S. companies create jobs by reauthorizing the Export–Import Bank for four years. The Securing American Jobs Through Exports Act supports the exporting of U.S. go...
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Obama’s Millions for Fannie, Freddie Execs. But Who’s Counting?
Jun 1, 2011
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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 ...
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