-
Donovan Confirms Administration Is Slow Walking On GSE Reform
Apr 14, 2010
-
***Why don't the Democrats have a plan? Click here for Fannie, Freddie bailout timeline.*** - While Fannie and Freddie continue to hemorrhage billions of dollars, the Obama Administration and Congressional Democrats are intent on ignoring the problem and the need for action. Today, in response to a...
More
-
Fannie and Freddie: Taxpayers Forced to Fork Out Billions While Democrats Miss Every Self Imposed Deadline
Apr 14, 2010
-
On July 23, 2008, the Democrat controlled House of Representatives approved legislation to bail out Fannie and Freddie. Just a few months later, on September 7, 2008, the government took over the two Government Sponsored Enterprises. Since then, the Obama Administration has continued to throw taxpa...
More
-
Bachus: The Obama Administration Should Help Homeowners By Creating New Jobs, Not New Taxpayer Bailouts
Apr 13, 2010
-
-Financial Services Committee Ranking Member Spencer Bachus made the following statement during a full committee hearing entitled "Second Liens and Other Barriers to Principal Reduction as an Effective Foreclosure Mitigation Program." "Preventing avoidable foreclosures is a serious issue for homeow...
More
-
Bachus: Fed Needs Exit Strategy to End "Too Big to Fail"
Mar 25, 2010
-
- House Financial Services Committee Ranking Member Spencer Bachus made the following statement during a full Committee hearing titled "Unwinding Emergency Federal Reserve Liquidity Programs and Implications for Economic Recovery." "Thank you, Mr. Chairman, for holding this hearing, and thank you, ...
More
-
Bachus Responds to Frank, Dodd Comments on Financial Reform Legislation
Mar 24, 2010
-
- House Financial Services Committee Ranking Member Spencer Bachus today released the following statement in response to comments made by Senate Banking Chairman Chris Dodd and Chairman Barney Frank on Democrat financial regulatory reform legislation. "This morning, Chairman Frank reiterated that h...
More
-
Bachus: It Is Unacceptable That Treasury Still Has No Plan For Fannie, Freddie
Mar 23, 2010
-
- House Financial Services Committee Ranking Member Spencer Bachus made the following statement during a full Committee hearing on housing finance reform. "Thank you, Chairman Frank, for holding this very important - and long overdue - hearing. "It's unacceptable that, more than 18 months after the...
More
-
Bachus: Administration Paying Lip Service to Fannie, Freddie Reform While Committee Republicans Have Offered Concrete Legislative Proposals
Mar 23, 2010
-
- House Financial Services Committee Ranking Member Spencer Bachus today urged Treasury Secretary Timothy Geithner and the Democrat majority to act quickly on a meaningful plan to phase out taxpayer support for Fannie Mae and Freddie Mac and restore long-term stability and private capital to the ho...
More
-
Bachus: Reporting Shows Further Evidence Fed Was Aware of Fraudulent Accounting Activities
Mar 19, 2010
-
-Financial Services Committee Ranking Member Spencer Bachus today said Congress must immediately address what the Federal Reserve knew regarding Lehman Brothers' accounting activities, and when they knew it, as reports cite further evidence that federal regulators were made aware of illegal activit...
More
-
House Republicans Release Principles For Reform Of Fannie Mae And Freddie Mac
Mar 19, 2010
-
- House Republicans, led by Financial Services Committee Ranking Member Spencer Bachus, today released a set a principles they believe should be part of immediate legislative efforts to address the future of the Government Sponsored Enterprises (GSEs). "It is time to deal with bailed out companies,...
More
-
Bachus: Lehman Brothers Report Raises Serious Concerns About The Capability Of The Federal Reserve To Conduct Bank Supervision
Mar 17, 2010
-
-Financial Services Committee Ranking Member Spencer Bachus made the following statement during a Full Committee hearing entitled "Examining the Link Between Fed Bank Supervision and Monetary Policy." "As Congress looks at ways to reform the country's financial infrastructure, we need to ask whethe...
More
|