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On The Ropes: Kanjorski Scolded on CNBC….Says Fannie/Freddie Reform "Too Complicated"
May 11, 2010
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Despite the memo-writing efforts of Chairman Frank to drown out the calls for housing finance reform in the financial regulatory reform bill, nobody's buying the Democrats' spin. Just ask Rep. Paul Kanjorski - the Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, ...
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Fannie and Freddie Reform: What Are We Waiting For?
May 11, 2010
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The bailout tab for Fannie and Freddie reached $145 billion this week and scrutiny of the taxpayer funded GSE's reaches a new high. And what do the Senate Democrats do to address the billions of taxpayer dollars lost? They promise to study the issue some more. Meanwhile, Senator McCain should be co...
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Bachus Implores Senate to Address the "Elephant in the Room" as Fannie, Freddie Report More Taxpayer Losses
May 10, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today called on the Senate to quit ignoring the "elephant in the room" as Fannie Mae, one of the Government Sponsored Enterprises that has been bailed out with billions of taxpayer dollars, reported a $13 billion loss in the first quarter...
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Bachus Requests 30 Days For American Public to Review Final Version of Senate's Financial Reform Legislation
May 7, 2010
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- House Financial Services Committee Ranking Member Spencer Bachus today sent a letter to Senate Majority Leader Harry Reid, Republican Leader Mitch McConnell, and Senators Chris Dodd and Richard Shelby requesting the American public to have 30 days to review the amended version of the financial re...
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Bachus: Freddie Mac Losses Underscore Need To End Their Bailouts And Correct Chairman Frank
May 6, 2010
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- Financial Services Committee Ranking Member Spencer Bachus made the following statement after Freddie Mac released its first quarter report for 2010 and news broke of a memo to the White House in which Chairman Barney Frank claimed Fannie and Freddie are not losing any money. Freddie Mac reported...
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FACT CHECK: Chairman Barney Frank Calls for White House to Defend Fannie and Freddie
May 6, 2010
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Politico reports that in a memo addressed to White House Chief of Staff Rahm Emanuel, HUD Secretary Shaun Donovan, Treasury Secretary Timothy Geithner, and Senate Banking Committee Chairman Chris Dodd, Chairman Barney Frank urged Democrats to fight back on Fannie and Freddie, arguing that housing r...
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Bachus to the White House On Financial Reg Reform: Whose Side Are You On?
May 5, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today said that a White House report entitled "Top Ten Most Wanted Lobbyist Loopholes" conveniently omits any mention of numerous carve-outs and loopholes for favored Democrat constituencies in the regulatory reform bill currently pending...
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FACT CHECK: White House Falsely Claims Dodd Bill Ends "Too Big to Fail"
May 4, 2010
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"Jerry, just remember, it's not a lie if you believe it." -- George Costanza In what can only be described as an act of political projection, White House Communications Director Dan Pfeiffer today posted on the official blog a list of "Lobbyist Loopholes" to watch as the regulatory reform debate un...
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Bachus: Democrats Aim to Stifle Critics with DISCLOSE Act
Apr 29, 2010
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- Financial Services Committee Ranking Member Spencer Bachus today made the following statement regarding the DISCLOSE Act, which was introduced by Senator Charles Schumer, the former Chairman of the Democratic Senatorial Campaign Committee, along with the companion bill drafted by Representative C...
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Bachus: We Can No Longer Hide The GSEs' Debts In The Shadows
Apr 29, 2010
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