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Chairman Bachus: It’s Time To End The Lavish Executive Salaries Of Bailed Out Fannie Mae and Freddie Mac
Apr 1, 2011
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A report detailing the multi-million dollar compensation paid to top executives of bailed out mortgage giants Fannie Mae and Freddie Mac should give Financial Services Committee Chairman Spencer Bachus’s bill to suspend these taxpayer-funded salaries a boost. Chairman Bachus re-introduced legislatio...
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Chairman Bachus: Congress Must Take Action To Reform Fannie Mae, Freddie Mac
Mar 31, 2011
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Financial Services Committee Chairman Spencer Bachus made the following statement today during the Capital Markets Subcommittee hearing on legislative proposals to reform Fannie Mae and Freddie Mac. “As recent statistics show, our housing markets remain very fragile. Housing is a tremendously import...
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Hensarling-Bachus Bill Ending Bailout of Fannie Mae and Freddie Mac Introduced in the Senate
Mar 31, 2011
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Financial Services Committee Chairman Spencer Bachus and Committee Vice-Chairman Jeb Hensarling on Thursday joined Senator John McCain and Senator Orrin Hatch to discuss the introduction of the Government Sponsored Enterprise Bailout Elimination and Taxpayer Protection Act in the Senate. The bill, w...
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Garrett Announces Subcommittee Hearing On Legislative Proposals For Immediate Reforms Of Fannie, Freddie
Mar 30, 2011
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The Capital Markets and Government Sponsored Enterprises Subcommittee, chaired by Rep. Scott Garrett, will convene for a hearing to examine eight legislative proposals that provide immediate reforms to Fannie Mae and Freddie Mac. At a press conference yesterday, Financial Services Committee Members ...
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Statement of Financial Services Committee Chairman Spencer Bachus on Republican Reform Plan for Fannie Mae and Freddie Mac
Mar 29, 2011
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Financial Services Committee Chairman Spencer Bachus released the following statement about the proposals introduced today by several Republicans on the Committee to reform Fannie Mae and Freddie Mac: “In our Pledge to America, House Republicans said: ‘We will reform Fannie Mae and Freddie Mac by en...
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Republicans Push Bills to Wind Down Fannie Mae, Freddie Mac
Mar 29, 2011
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By Phil Mattingly and Lorraine Woellert Bloomberg News U.S. House Republicans proposed legislation that would begin reducing the influence of government-run mortgage companies Fannie Mae and Freddie Mac. The measures would wind down the firms in phases as policy makers work on a broader overhaul of ...
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Chairman Bachus: ‘Cash for Keys’ Yet Another Bad Bailout Idea
Mar 25, 2011
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Financial Services Committee Chairman Spencer Bachus issued the following statement today regarding reports that financial regulators have floated a so-called “cash for keys” program that will reward some borrowers who default on their mortgages with a $20,000 government check. The “cash for keys” p...
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Garrett Announces Subcommittee Hearing To Review Proposals That Promote Job Creation And Capital Formation
Mar 14, 2011
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Capital Markets Subcommittee Chairman Scott Garrett announced the Subcommittee will hold a legislative hearing on proposals that promote job creation on Wednesday, March 16 at 2 p.m. in room 2128 Rayburn. Subcommittee Chairman Garrett said, “Far too much of the Dodd-Frank Act was passed for politica...
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Garrett Announces Subcommittee Hearing To Review Proposal To Establish Covered Bond Framework
Mar 10, 2011
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Capital Markets Subcommittee Chairman Scott Garrett announced the Subcommittee will convene a hearing on covered bonds this Friday, March 11 at 10 a.m. in room 2220 Rayburn. Subcommittee Chairman Garrett said, “Each year, the U.S. economy misses out on billions of dollars in capital formation to for...
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Garrett Announces Subcommittee Hearing To Conduct Oversight Of SEC
Mar 7, 2011
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Capital Markets Subcommittee Chairman Scott Garrett announced a Subcommittee hearing to conduct oversight of the Securities and Exchange Commission (SEC) and review the agency’s budget request for Fiscal Year 2012. The hearing will take place on Thursday, March 10 at 10 am in room 2128 Rayburn. Subc...
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