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Biggert Announces Subcommittee Hearing On Proposal To Strengthen FHA, RHS, and Ginnie Mae
May 23, 2011
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Insurance, Housing and Community Opportunity Subcommittee Chairman Judy Biggert announced today the Subcommittee will meet for a legislative hearing on reforming the Federal Housing Administration, the Rural Housing Service, and Ginnie Mae. The hearing will take place on Wednesday, May 25 at 10 a.m....
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Garrett Announces Subcommittee Hearing On 7 Bills To End Bailout of Fannie, Freddie
May 23, 2011
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Capital Markets and Government Sponsored Enterprises Subcommittee Chairman Scott Garrett announced today the Subcommittee will convene for a hearing entitled “Transparency, Transition and Taxpayer Protection: More Steps to End the GSE Bailout” on Wednesday, May 25th at 2 p.m. in room 2128 Rayburn. T...
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Bachus: Committee To Delve Into HUD’s HOME Investment Partnership Program
May 23, 2011
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WASHINGTON: Financial Services Committee Chairman Spencer Bachus announced today that the Committee will hold a hearing next week on allegations of mismanagement and waste in the HOME Investment Partnership Program administered by the Department of Housing and Urban Development (HUD). HOME is HUD’s ...
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Miller Announces Subcommittee Hearing on Legislation to Promote American Jobs Through Exports
May 20, 2011
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The International Monetary Policy and Trade Subcommittee, chaired by Rep. Gary G. Miller, will hold a hearing on Tuesday, May 24 to review legislation reauthorizing the Export–Import Bank. The Ex-Im Bank’s charter is set to expire on September 30, 2011. The hearing will take place in room 2128 Raybu...
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Financial Services Committee Takes Action to Cut Spending and End Failed Government Programs
May 18, 2011
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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...
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Committee leaders demand answers about HOME program
May 18, 2011
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Three leaders of the Financial Services Committee are asking HUD Secretary Shaun Donovan for detailed information about delayed housing projects and the agency’s oversight of its HOME program, which provides $2 billion a year to local housing agencies to build and renovate homes across the country. ...
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Former Democrat Officials Warn Of Unintended Consequences Of Dodd-Frank
May 17, 2011
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In recent interviews two Democrat officials warned about some of the unintended consequences of the Dodd-Frank Act. These quotes are of particular interest as the Financial Services Committee will consider common-sense legislation next week to promote a functioning derivatives market by giving regul...
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Prediction: NY Dems will be “slip sliding away” from their letter on derivatives
May 17, 2011
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POLITICO’s “Morning Money” reports today that members of NY’s congressional delegation, including several Democrats on the Financial Services Committee, have written regulators to express their concerns that proposed rules governing derivative margin requirements “will inevitably result in significa...
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Financial Services Committee Website Allows Woman in Texas to Pose Question During Congressional Hearing
May 16, 2011
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Cassie Wilkinson of Austin, Texas was able to pose a question to a witness during a congressional hearing, even though she’s not a member of Congress. She asked her question during a House Financial Services subcommittee hearing on Friday thanks to a new feature on the committee’s website called You...
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U.S. agencies played a larger role in the housing crisis than first reported
May 16, 2011
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That’s the conclusion of Michael Cembalest, the Chief Investment Officer of JP Morgan Chase. In a May 3 “Eye on the Market” report, he revised his 2009 account of what caused the financial crisis. Under the general heading of “Retractions,” Cembalest writes: “In January 2009, I wrote that the housin...
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