Spencer Bachus News on Daylife

Ranking Member Spencer Bachus' Statement on FHA

Thu, 03 Dec 2009 15:11:52 GMT

Bailouts And Your Typical Republican Corporate Shill

Thu, 03 Dec 2009 14:04:06 GMT

At the end of September, 2008, George Bush, a very lame duck president, demanded-- and then pleaded-- with his party to go along with Secretary of the Treasury Paulsen's bankster bailout bill (the Emergency Economic Stabilization Act of 2008).
Source: Down With Tyranny!

Rep. Spencer Bachus turns away federal money

Tue, 01 Dec 2009 16:28:03 GMT

For instance, Alabama Rep. Spencer Bachus, the top Republican on the House Financial Services Committee, is listed as returning money to the U.S. Treasury between July 1 and Sept. 30 "for reduction of the public debt." How much? $276.26. That's Bachus'
Source: USA Today

NYSE, LCH.Clearnet Urge U.S. to Drop Bank Ownership Limits for Clearing

Thu, 19 Nov 2009 18:46:19 GMT

Nov. 19 (Bloomberg) -- NYSE Euronext, LCH.Clearnet Ltd. and three other firms are asking Congress to drop a proposal that would bar companies that are more than 20 percent owned by banks from offering clearing and trading systems in the...
Source: Bloomberg.com

AIG `Backdoor Bailout' House Hearing Demanded by Republicans Blunt, Bachus

Thu, 19 Nov 2009 17:25:48 GMT

Nov. 19 (Bloomberg) -- Republican lawmakers demanded a Congressional hearing to review whether the Federal Reserve Bank of New York was unprepared to deal with the bailout of American International Group Inc. last year.
Source: Bloomberg.com

Spencer Bachus: 'No More Bailouts'

Thu, 19 Nov 2009 14:57:14 GMT

Name: Rep. Spencer Bachus (R-Ala.) Position: Although Bachus isn't new to the House Financial Services Committee, he's relatively new to the committee's ranking member position, which he assumed in 2007.
Source: Open Secrets

Tell Congressman Spencer Bachus You Support Poker!

Fri, 06 Nov 2009 09:36:27 GMT

On November 3, 2009 your Congressman Spencer Bachus sent a letter to Secretary of the Treasury Timothy Geithner and Ben Bernanke the Chairman of the Federal Reserve Board requesting the US Treasury to comply fully with the December 1, 2009 deadline...
Source: Poker Player's Alliance

GOP Rejects Calls For Gambling Ban Delay

Thu, 05 Nov 2009 15:26:09 GMT

Senate Minority Whip Jon Kyl and Financial Services Committee ranking member Spencer Bachus wrote to Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke this week opposing calls to delay by a year the implementation of a 2006 law...
Source: National Journal

links for 2009-11-03

Tue, 03 Nov 2009 08:06:10 GMT

From a Washington Post article on proposed legislation to regulate overdraft fees: “Rep. Spencer Bachus (R-Ala.) said he avoided overdraft fees with a credit line and asked if many of the problems could be eased with consumer education.” Good on you,...
Source: Brad DeLong's Semi-Daily Journal

Quoted in 'F.D.I.C. Chief Criticizes Financial Reform Plan'

Thu, 29 Oct 2009 17:12:32 GMT

Spencer Bachus said in Dealbook:

Even a cursory reading shows that the administration has chosen to continue its failed policy of costly taxpayer bailouts orchestrated behind closed doors by officials at the Treasury and the Federal Reserve

Quoted in 'Geithner: Legislation won't lead to more bailouts'

Thu, 29 Oct 2009 14:28:09 GMT

Spencer Bachus said in Deseret News:

The proposal places taxpayers first in line to bear the losses when the government invokes its resolution authority ... And for those who believe that those taxpayer losses would be recouped from surviving firms, I would direct their attention to the recent examples of GM, Chrysler, Fannie Mae, Freddie Mac and AIG.

Photo from Reuters Pictures

Wed, 18 Feb 2009 10:22:31 GMT

Martin Luther King III (C), his wife Arndrea Waters King (2nd L), US Congressmen John Lewis (2nd R) and Spencer Bachus (L) observe silence in memory of the victims of last year's attack by gunmen, in front of the historic Gateway of India in Mumbai Febr...

Photo from Reuters Pictures

Tue, 10 Feb 2009 19:29:10 GMT

Chairman of the House Financial Services Committee Barney Frank (R) (D-MA) and ranking member Spencer Bachus (L) (R-AL) question Chairman of the Federal Reserve Ben Bernanke during a hearing on Capitol Hill in Washington February 10, 2009.