Press Releases

- House Financial Services Committee Ranking Member Spencer Bachus made the following statement today:

"In his press conference this morning, Chairman Frank said that I had asked for a hearing on the disparity of payments made by AIG to counter-parties as compared to smaller banks, but that I withdrew the request.  . 

"Chairman Frank is mistaken on this point.  As the seven letters attached clearly show, I have repeatedly requested a Full Committee hearing on this subject since first raising the issue in a hearing in March 2009.

"As the latest letter states, ‘There is no more urgent business before the Committee and this hearing should be given the highest priority'."

NOTE: Click here to view a copy of the letters.