News List

  • Wall Street Journal: Hearings Sought on Federal Role in Merrill Deal
    May 1, 2009 - Hearings Sought on Federal Role in Merrill Deal Wall Street Journal May 1, 2009 Lawmakers likely will call for hearings to inquire about the involvement of the Treasury and the Federal Reserve in Bank of America Corp.'s purchase of Merrill Lynch & Co. House Financial Services Committee Chairman Bar... More
  • Bachus: Credit Card Bill Will Make An Already Difficult Economic Situation Worse
    Apr 30, 2009 - - Congressman Spencer Bachus (AL), the top Financial Services Committee Republican, issued the following statement regarding credit card legislation being considered by the House today: "We are in the midst of a severe economic downturn. Home values are plummeting, unemployment is up and hard-worki... More
  • Bachus Calls For Bank of America Hearings
    Apr 29, 2009 - - Congressman Spencer Bachus (R-AL), the top Financial Services Republican, urged Chairman Barney Frank (D-MA) in a letter to hold hearings examining the allegations that Bank of America's (BofA) Chief Executive, Ken Lewis, was directed by the Federal Reserve Chairman and the former Treasury Secret... More
  • Bachus Requests Hearing to Review Mark-to-Market Application
    Apr 29, 2009 - - Congressman Spencer Bachus (R-AL), the top Financial Services Republican, has written Chairman Barney Frank (D-MA), asking that the panel look further into the application of mark-to-market, or fair value, accounting standards. "While FASB acted expeditiously to respond to many of the concerns ra... More
  • 100 DAYS: More Bailouts, More Government Intervention, And Still No Exit Strategy
    Apr 28, 2009 - President Obama and Washington Democrats have overpromised and under-delivered during the first 100 days of this administration's watch. Between the Democrats' so-called stimulus, the additional billions in TARP funds, the Fed's ballooning balance sheet, billions more for their housing bailout, and... More
  • Bachus Statement During Mortgage Reform Hearing
    Apr 23, 2009 - - Congressman Spencer Bachus (R-AL), the top Financial Services Committee Republican, gave the following statement during a full committee hearing today on proposed mortgage reform legislation: Mr. Chairman, thank you for calling today's hearing. The subject of today's hearing is H.R. 1728, the Mor... More
  • Bachus Statement on the TARP IG Report
    Apr 21, 2009 - – Congressman Spencer Bachus (R-AL), the top Financial Services Republican issued the following statement regarding a report issued today by TARP Inspector General Neil Barofksy: “Today’s report, which highlights multiple shortcomings in Treasury’s implementation of the TARP, should serve as a wake... More
  • Bachus Statement On Goldman Sachs TARP Repayment
    Apr 14, 2009 - - Congressman Spencer Bachus (AL), the top Financial Services Committee Republican, issued the following statement regarding Goldman Sachs' announcement that it will be returning $10 billion in TARP funds: "Goldman Sachs' announcement that it intends to return $10 billion in TARP funds to the Treas... More
  • Bachus Introduces Bill to Prevent TARP Banks From Swapping Toxic Assets For Profit at Taxpayer Expense
    Apr 2, 2009 - Congressman Spencer Bachus (AL), the top Financial Services Committee Republican, issued this statement regarding legislation he introduced to prevent TARP recipients from gaming the Public-Private Investment Program: "If reports circulating in the financial press are accurate that financial instit... More
  • Bachus Statement on FASB Mark to Market Modifications
    Apr 2, 2009 - Congressman Spencer Bachus (AL), the top Financial Services Committee Republican, who has played a leading role in working to ensure that financial accounting rules do not worsen the current economic downturn, issued this statement on the Financial Accounting Standards Board's (FASB) adoption of mo... More