News List

  • Bachus Supports Job-Creating Budget that Cuts Taxes Across the Board, Curbs Wasteful Spending
    Apr 2, 2009 - Democrats $3.6 Trillion Budget Spends, Taxes, and Borrows Too Much "Republicans offered solutions in our budget aimed at creating jobs and economic growth, not more government and not more unaffordable debt." - Congressman Spencer Bachus (AL), the top Financial Services Committee Republican, today ... More
  • Editorials Weigh in on Geithner's Toxic Assets Bailout
    Mar 27, 2009 - "The plan is structured to transfer, as much as possible, the losses on bad assets to taxpayers" "The only thing certain is that a great deal of taxpayer money is on the line" "Letting bureaucrats and politicians direct our economy isn't the end to our troubles. It's only the beginning" National Re... More
  • Bachus Exchange With Secretary Geithner on AIG
    Mar 26, 2009 - In response to a number of requests, this is the unofficial transcript of the exchange between Congressman Spencer Bachus and Treasury Secretary Tim Geithner regarding AIG making its counterparties whole during the Financial Services Committee hearing on March 24th. BACHUS: Thank you. Secretary Gei... More
  • Bachus: Committee Must Examine Disparity Among Counterparty Payments
    Mar 26, 2009 - Domestic Banks Are Being Disadvantaged, While American Tax Dollars Are Shipped Overseas Congressman Spencer Bachus (AL), the top Financial Services Committee Republican, wrote Chairman Barney Frank (MA), urging the Committee to evaluate AIG's counterparty payments, and issued this statement: "Earli... More
  • Bachus Statement on Financial Services' Unanimous Support to Investigate Treasury's AIG Bonus Role
    Mar 26, 2009 - Resolution Aims to Hold Administration Accountable for Bailout, Bonuses and Increase Transparency - Congressman Spencer Bachus (AL), the top Financial Services Committee Republican, issued this statement following the Committee's unanimous, 64-0 vote approving the LaTourette-McCotter Resolution of ... More
  • AIG Timeline
    Mar 23, 2009 - Many people continue to ask in connection with the AIG bonuses who knew what and when. Most of those questions have been answered. Click here for a timeline that establishes the relevant facts known to date, not only about the AIG bonuses, but also the course of events of the AIG intervention. ### ... More
  • Bachus on Public Private Partnership: "America is not about punishing the wise and rewarding the foolish."
    Mar 23, 2009 - "The American people are struggling to make ends meet during this economic crisis and are angry that their money continues to be taken from them and given to a few large companies on Wall Street. "As with the Paulson plan offered last fall, the administration's biggest challenge is in pricing the ‘... More
  • Bachus, Blunt Urge SEC to Protect Taxpayers, Family Savings by Adopting Commonsense Accounting Rules
    Mar 12, 2009 - – To protect taxpayers and family savings, Congressman Spencer Bachus (Ala.), the top Financial Services Committee Republican, and Missouri Congressman Roy Blunt (Mo.) today sent a letter to Securities and Exchange Commission (SEC) Chair Mary Schapiro urging her to adopt commonsense accounting chan... More
  • Bachus Statement on Madoff's Guilty Plea
    Mar 12, 2009 - - Today, Bernard Madoff - who ran a reported $65 billion Ponzi scheme - pleaded guilty to 11 federal criminal charges, including money laundering and theft. Following the announcement, Congressman Spencer Bachus (R-AL), the top Financial Services Committee Republican, issued this statement: "Madoff... More
  • Bachus Urges FASB to Act Expeditiously During Mark-to-Market Hearing
    Mar 12, 2009 - - At today's Capital Markets Subcommittee hearing, Congressman Spencer Bachus (R-AL), the top Financial Services Committee Republican, demanded the Financial Accounting Standards Board (FASB) act expeditiously on commonsense modifications to mark-to-market rules that could help with the current fin... More