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(CBS/AP) A New York lawmaker says he wants a review of the Secret Service after a Virginia couple was able to get into Tuesday's White House state dinner uninvited. Full Article at CBS News
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White House Party Crasher Graduated UC Davis; Lawmaker Calls for Secret Service Review
News 10 Sacramento
WASHINGTON (AP) -- A New York lawmaker said he wants a review of the Secret Service after a Virginia couple was able to get into Tuesday's White House state dinner uninvited. Full Article at News 10 Sacramento
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Committee Chairman Edolphus Towns (D-NY) (C), ranking member Rep. Darrell Issa (R-CA) (L) and Rep. Dennis Kucinich (D-OH) (R) talk to reporters after testimony by U.S. Federal Reserve Chairman Ben Bernanke about his role in Bank of America's acquisition... View Photo »
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After four days of hearings, hours of testimony, and a review of half a million documents, it looks like the answer is pretty clear. The facts show that Bank of America -- one of the largest banks in the United States -- was able to manipulate federal regulators to obtain billions of dollars in taxpayer...
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"We need to empower the stockholders of public companies to better manage the package of pay and the incentive packages of their key executives," said Representative Darrell Issa of California, the panel's ranking Republican. Full Article at The Nation
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WASHINGTON, D.C. Nov. 18, 2009 - The Human Rights Campaign, the nation's largest lesbian, gay, bisexual and transgender civil rights organization, today praised the full U.S. House Oversight and Government Reform Committee for marking up H.R. 2517, the... Full Article at YubaNet
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Federal Diary: House panel advances bill extending benefits to same-sex partners
Stephen Barr: Federal Diary (Washington Post)
After sometimes heated debate, the 23 to 12 vote in the Oversight and Government Reform Committee broke down along party lines, with the victorious Democrats arguing that the measure is a matter of fairness and equality. Full Article at Stephen Barr: Federal Diary (Washington Post)
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WASHINGTON - NOVEMBER 19: Chairman of the FreedomWorks and former U.S. House Majority Leader Dick Armey (R-TX) (L), Committee Chairman Rep. Edolphus Towns (D-NY) (R) and ranking member Rep. Darrell Issa (R-CA) (C) share a moment prior to a hearing befo... View Photo »
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That one phone call put everything in motion ... Lewis claimed that he believed Bank of America could back out of the deal with Merrill Lynch based on the Material Adverse Change clause in the merger agreement – the so-called ‘MAC clause.’ [Former Bank of America General Counsel Timothy J.] Mayopoulos w...
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WASHINGTON — A senior House Democrat said Tuesday the government didn't force Bank of America to take over Merrill Lynch, but Republicans charged that a committee inquiry was covering up the role of an Obama administration official. last December on... Full Article at Monterey County Herald
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It seems Ken Lewis isn't the only Bank of America executive whose career has gotten tripped up by congressional testimony. Full Article at New York Post
About Edolphus Towns
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Committee Chairman Edolphus Towns (D-NY) (C), ranking member Rep. Darrell Issa (R-CA) (L) and Rep. Dennis Kucinich (D-OH) (R) talk to reporters after testimony by U.S. Federal Reserve Chairman Ben Bernanke about his role in Bank of America's acquisition of Merrill Lynch, at a hearing of...
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Getty Images
WASHINGTON - NOVEMBER 19: Chairman of the FreedomWorks and former U.S. House Majority Leader Dick Armey (R-TX) (L), Committee Chairman Rep. Edolphus Towns (D-NY) (R) and ranking member Rep. Darrell Issa (R-CA) (C) share a moment prior to a hearing before the House Oversight and Governm...
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Getty Images
WASHINGTON - NOVEMBER 19: Chairman of the FreedomWorks and former U.S. House Majority Leader Dick Armey (R-TX) (L) talks to Committee Chairman Rep. Edolphus Towns (D-NY) (R) and ranking member Rep. Darrell Issa (R-CA) (C) prior to a hearing before the House Oversight and Government Ref...
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Getty Images
US. Rep.Darrell Issa (L), Ranking Member and Rep. Edolphus Towns (R), Chairman make opening remarks during a joint hearing before the House Oversight and Government Reform Committee and its Domestic Policy Subcommittee on November 17, 2009 on Capitol Hill in Washington, DC.
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US. Rep.Darrell Issa (L), Ranking Member, and Rep. Edolphus Towns (R), Chairman, listen to testimony during a joint hearing before the House Oversight and Government Reform Committee and its Domestic Policy Subcommittee on November 17, 2009 on Capitol Hill in Washington.
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AP Photo
Kenneth Feinberg, Special Master for TARP Executive Compensation, left, talks with House Oversight and Government Reform Committee members, from second left, the committee's ranking Republican Rep. Darrell Issa, R-Calif. , Committee Chairman Edolphus Towns, D-N.Y. , and Rep. Wm.
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WASHINGTON - OCTOBER 14: Committee Chairman Rep. Edolphus Towns (D-NY) speaks during a hearing before the House Oversight and Government Reform Committee on Capitol Hill October 14, 2009 in Washington, DC.
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Getty Images
WASHINGTON - OCTOBER 14: Committee Chairman Rep. Edolphus Towns (D-NY) pauses during a hearing before the House Oversight and Government Reform Committee on Capitol Hill October 14, 2009 in Washington, DC.
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AP Photo
House Oversight and Government Reform Committee Chairman Rep. Edolphus Towns, D-N.Y. , speaks on Capitol Hill in Washington, Wednesday, Oct. 14, 2009, during the committee's hearing on AIG bonuses.
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AP Photo
House Committee on Oversight and Government Reform Chairman Edolphus Towns, D-N.Y. , speaks during his committee's hearing on "Tracking the Money: Preventing Waste, Fraud and Abuse of Recovery Act Funding" on Capitol Hill, Wednesday, July 8, 2009, in Washington.
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Reuters Pictures
U.S. Federal Reserve Chairman Ben Bernanke (2nd R) walks with Committee Chairman Edolphus Towns (D-NY) (2nd L) and ranking member Rep. Darrell Issa (R-CA) (L) as he arrives to testify about his role in Bank of America's acquisition of Merrill Lynch, at a hearing of the House Oversight a...
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AP Photo
House Oversight and Government Reform Committee Chairman Rep. Edolphus Towns, D-N.Y. , presides over a hearing on Capitol Hill in Washington, Thursday, June 11, 2009.
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Getty Images
WASHINGTON - MAY 13: House Oversight and Government Reform Committee Chairman Edolphus Towns (D-NY) presides over a hearing about AIG May 13, 2009 in Washington, DC. The hearing focused on the collapse and federal rescue of the American International Group, Inc.
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Getty Images
WASHINGTON - MAY 13: House Oversight and Government Reform Committee Chairman Edolphus Towns (D-NY) presides over a hearing about AIG May 13, 2009 in Washington, DC. The hearing focused on the collapse and federal rescue of the American International Group, Inc.
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Getty Images
WASHINGTON - MAY 13: House Oversight and Government Reform Committee Chairman Edolphus Towns (D-NY) presides over a hearing about AIG May 13, 2009 in Washington, DC. The hearing focused on the collapse and federal rescue of the American International Group, Inc.
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AP Photo
House Oversight Committee Chairman, Rep. Edolphus Towns, D-N.Y. , center, questions former AIG head Maurice "Hank" Greenberg, during the committee's hearing on Capitol Hill in Washington, Thursday, April 2, 2009.
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AP Photo
President Barack Obama waves after making remarks on government contracts reform, Wednesday, March 4, 2009, in the Eisenhower Executive Office Building on the White House campus in Washington.
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AP Photo
President Barack Obama makes remarks on government contracts reform, Wednesday, March 4, 2009, in the Eisenhower Executive Office Building on the White House campus in Washington.
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Reuters Pictures
Congressional Black Caucus members prepare for a ceremonial swearing-in on Capitol Hill in Washington January 6, 2009. From L-R are Chairwoman Rep. Barbara Lee, (D-Ca), Rep. Edolphus Towns (D-NY), and Rep. Charles Rangel (D-NY).
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Reuters Pictures
Congressional Black Caucus member Rep. Charles Rangel (D-NY) gives a thumbs up during a ceremonial swearing-in on Capitol Hill in Washington, January 6, 2009. From (L-R) are: Rep. Donald Payne (D-NJ), Rep. John Lewis (D-Ga), Rep. Edolphus Towns (D-NY) and Rangel.
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Reuters Pictures
Black Congressional Caucus members prepare for a ceremonial swearing-in on Capitol Hill in Washington January 6, 2009. From L-R are Chairwoman Rep. Barbara Lee, (D-Ca), Rep. Edolphus Towns (D-NY), and Rep. Charles Rangel (D-NY).
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AP Photo
FILE - this Jan. 6, 2009 file photo shows Rep. Charles B. Rangel, D-N.Y. , right, giving a 'thumbs-up' as members of the Congressional Black Caucus are sworn in during a ceremony in Capitol Visitors Center in Washington, prior to the start of the opening of the 111th Congress.
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AP Photo
Rep. Charles B. Rangel, D-N.Y. ,right, gives a 'thumbs-up' as members of the Congressional Black Caucus are sworn in during a ceremony in Capitol Visitors Center in Washington, Tuesday, Jan. 6, 2009, prior to the start of the opening of the 111th Congress.
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AP Photo
House Oversight and Government Reform Committee Chairman Rep. Henry Waxman, D-Calif. , and committee members, from second from left, Rep. Edolphus Towns, D-N.Y. , Rep. Paul Kanjorski, D-Pa. , and Rep. Carolyn Maloney, D-N.Y. , right, listen to testimony from former Freddie Mac and Fanni...
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Getty Images
WASHINGTON - NOVEMBER 19: Chairman of the FreedomWorks and former U.S. House Majority Leader Dick Armey (R-TX) (L), Committee Chairman Rep. Edolphus Towns (D-NY) (R) and ranking member Rep. Darrell Issa (R-CA) (C) share a moment prior to a hearing before the House Oversight and Governm...
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After four days of hearings, hours of testimony, and a review of half a million documents, it looks like the answer is pretty clear. The facts show that Bank of America -- one of the largest banks in the United States -- was able to manipulate federal regulators to obtain billions of dollars in taxpayer...
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That one phone call put everything in motion ... Lewis claimed that he believed Bank of America could back out of the deal with Merrill Lynch based on the Material Adverse Change clause in the merger agreement – the so-called ‘MAC clause.’ [Former Bank of America General Counsel Timothy J.] Mayopoulos w...
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That one phone call put everything in motion ... Lewis claimed that he believed Bank of America could back out of the deal with Merrill Lynch based on the Material Adverse Change clause in the merger agreement – the so-called ‘MAC clause.’ [Former Bank of America General Counsel Timothy J.] Mayopoulos w...
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If there are still people who want to say the government forced Bank of America to go through with the deal, they are turning a blind eye to the facts we have before us
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Based on the facts we have before us, it sure looks like it was Bank of America that was holding the shotgun at this wedding
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Our investigation has uncovered troubling facts about Bank of America’s acquisition of Merrill Lynch, and Mr. Lewis was at the center of this controversy ... We hope that Bank of America’s new leadership will quickly repay American taxpayers and help us finally resolve unanswered questioned about this m...
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The Justice Department, I understand, is seriously looking into it
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For most racial and ethnic minority groups, the Great Recession is, in reality, a Great Depression
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For those documents ... Bank of America will provide a privilege log that we will review and use to determine which documents are critical to the committee’s ongoing investigation.
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I am deeply troubled by Bank of America’s refusal to give this committee the records it needs to rightfully determine how and why a private deal became a public bailout ... The taxpayers are now on the hook for billions of dollars, and they have a right to know how that happened.
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I’ve directed the committee staff to take a look at Hank Greenberg’s proposal to restructure the debt, because I think it is something to which we should give serious consideration
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Judge Rakoff asks why Bank of America executives and their lawyers are not being held responsible for failing to disclose information... That's exactly the right question
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