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Subcommittees Hear From Experts on Harmful Consequences of QE and the GSEs
Mar 8, 2013
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“We talked about cash on balance sheets not deployed…People just sitting on cash because interest rates are too low and returns are too low now, but they think that they will go up in the future. So, everyone just sits until the Fed takes action. Rather than trying to read the market, they are tryi...
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INFOGRAPHIC: The Government Housing Policy-Driven Fall of Fannie Mae & Freddie Mac
Mar 7, 2013
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Many of the interest groups that directly benefit from large subsidizations in the housing market continue to state that Fannie and Freddie fell victim to the bad private market participants. This suggestion is completely false. It was government housing policy, coupled with loose money from the Fed...
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Subcommittee Chairman Scott Garrett Opening Statement at Capital Markets and Government Sponsored Enterprises Subcommittee Hearing
Mar 6, 2013
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Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee Chairman Scott Garrett (R-NJ) delivered the following opening statement at today's hearing: "Today’s hearing seeks to examine in greater detail the role that Fannie Mae and Freddie Mac played in facilitating the 200...
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Chairman Bachus Delivers Opening Statement At FSOC Hearing
Oct 6, 2011
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Financial Services Committee Chairman Spencer Bachus made the following statement today during a Full Committee hearing with Treasury Secretary Tim Geithner on the first report of the Financial Stability Oversight Council (FSOC). "Mr. Secretary, this morning you were quoted as saying that 'the bigge...
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Committee to Receive Annual Report of the Financial Stability Oversight Council
Oct 4, 2011
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Treasury Secretary Timothy Geithner will testify before the Financial Services Committee on Thursday about efforts to implement regulatory reforms and identify emerging threats to the nation’s financial stability. Secretary Geithner will deliver to the Committee the annual report of the Financial St...
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The Dodd-Frank Act: Ill Conceived, Destined to Fail
Sep 23, 2011
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Today’s American Banker includes a dead-on piece about how the Dodd-Frank Act, with its 2,300 pages and more than 400 regulations, is “regulatory overkill” with unintended consequences that hurt consumers and the economy. “It's a fool's mission for our government to try to micro-manage our financial...
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Chairman Bachus Urges Support for Bills to Break Down Barriers to Capital Formation
Sep 21, 2011
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Financial Services Committee Chairman Spencer Bachus today issued the following statement about the Capital Markets and Government Sponsored Enterprises Subcommittee’s hearing on small business capital formation and job creation: "Today’s hearing continues the Committee’s ongoing efforts to promote ...
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Joint Hearing to Delve Into SEC’s Handling Of Conflicts Of Interest
Sep 20, 2011
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Two congressional subcommittees will hold a joint hearing on Thursday to examine how the Securities and Exchange Commission (SEC) handled potential conflicts of interest involving David Becker, a former SEC general counsel who financially benefited from the Madoff Ponzi scheme. The joint hearing wil...
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Committee Continues Focus on Promoting Small Business Access to Capital
Sep 20, 2011
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Five bills that would make it easier for small companies to raise money and create jobs will be on the agenda Wednesday during a hearing of the Capital Markets and Government Sponsored Enterprises Subcommittee. Raising capital is necessary for companies to create jobs, and the Financial Services Com...
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The SEC Budget
Sep 14, 2011
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The SEC’s budget is three times larger than it was 10 years ago. Is its performance three times better?
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