Weekend Must Reads
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Wall Street Journal: The Hidden Jobless Disaster At the present slow pace of job growth, it will require more than a decade to get back to full employment defined by pre-recession standards. Bloomberg: Can the Fed Make Up Its Mind on QE? When the Federal Reserve first introduced its either/or stance on quantitative easing, I wasn’t sure if it was a PR ploy or a serious… Hearing Examines Role of Proxy Advisory Firms
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The Capital Markets and Government Sponsored Enterprises Subcommittee today examined the role proxy advisory firms play in corporate governance and what can be done to reduce the complexity and increase transparency of the proxy system. Media Buzz: FSOC Designates Non-Bank Financial Institutions as 'Too Big to Fail'
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Yesterday the Financial Stability Oversight Council (FSOC) put hardworking taxpayers at greater risk of being forced to fund yet another Wall Street bailout. Under their Dodd-Frank authority, the FSOC took preliminary steps to designate several non-bank financial institutions, including AIG, Prudential Financial and GE Capital, as “systemically important financial institutions” (SIFIs).… Weekly Rundown
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On Wednesday the Capital Markets & GSEs Subcommittee will hold our only scheduled hearing for the week examining the market power and impact of proxy advisory firms. But don’t get too comfortable. Next week we’ve scheduled four hearings, including a full committee hearing on alternative housing finance models as part of our effort to forge a sustainable housing finance system.… Chairman Hensarling Comments on Designation of ‘Too Big to Fail’ Institutions
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Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today on the decision by the Financial Stability Oversight Council to designate certain non-bank financial firms as “too big to fail” Chairman Hensarling Announces Upcoming Committee Schedule
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Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the first half of June. Chairman Hensarling Opposes Obama Administration Decision to Extend Failed HAMP
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Financial Services Committee Chairman Jeb Hensarling (R-TX) expressed his strong opposition to President Obama’s decision to extend the Home Affordable Modification Program (HAMP), a failed and costly program that has been shown to actually hurt struggling homeowners. Weekend Must Reads
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Phil Gramm and Steve McMillin: The Debt Problem Hasn’t Vanished President Obama has raised the national debt by nearly $6.2 trillion, the equivalent of $78,385 per family of four. It is true that projected deficits recently have been reduced…But unless the economy soars, or a significant budget agreement is reached, the most lasting legacy of the Obama presidency will be a $10… Obama Treasury Secretary: ‘We are overachieving on deficit reduction’
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During the first term of the Obama administration, our nation racked up four straight years of trillion dollar-plus deficits and as much debt as was accumulated in our first 200 years. Under President Obama, our national debt has increased by more than $6 trillion – the largest increase under any president in history. But according to President Obama's Treasury Secretary, Jack Lew, it’s… Hearing Examines Legislative Proposals to Help Relieve Regulatory Burden on Investors & Job Creators
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Today the House Financial Services Capital Markets Subcommittee examined legislative proposals to help relieve the federal regulatory burden on investors and job creators. Browse Documents by Date or Issue |
