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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
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 ...
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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 February 18, 2009.
View Photo »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.
View Photo »House Financial Services Committee members, from left, Rep. Peter King, R-N.Y. , Rep. Michael Castle, R-Del. , Rep. Shelley Moore Capito, R-W.Va. , back to camera, Rep. Jeb Hensarling, R-Texas. and the Committee's Ranking Republican Rep. Spencer Bachus, R-Ala. , confer on Capitol Hill...
View Photo »The House Financial Services Committee ranking Republican Rep. Spencer Bachus, R-Ala. , left, talks with Rep. Jeb Hensarling, R-Texas. on Capitol Hill in Washington, Tuesday, Oct. 20, 2009, during the markup of legislation.
View Photo »Rep. Jeb Hensarling, R-Texas. , center, speaks as the House Financial Services Committee ranking Republican Rep. Spencer Bachus, R-Ala. , left, and Committee Chairman Rep. Barney Frank, D-Mass. , right, listen, during the markup of legislation on Capitol Hill in Washington, Tuesday, Oct...
View Photo »The House Financial Services Committee ranking Republican Rep. Spencer Bachus, R-Ala. , second from left, talks as Rep. Jeb Hensarling, R-Texas. , second from right, listens during the markup of legislation on Capitol Hill in Washington, Tuesday, Oct. 20, 2009.
View Photo »House Financial Committee Chairman Rep. Barney Frank, D-Mass. , right, and the committee's ranking Republican Rep. Spencer Bachus, R-Ala. , talk on Capitol Hill in Washington, Thursday, Oct. 1, 2009, during the committee's hearing on financial regulators.
View Photo »House Financial Services Committee Chairman Rep. Barney Frank, D-Mass. , right, and the committee's ranking Republican Rep. Spencer Bachus, R-Ala. , are seen on Capitol Hill in Washington, Thursday, Sept. 24, 2009, during the questioning of former Federal Reserve Bank Chairman, and curr...
View Photo »The House Financial Services Committee ranking Republican Rep. Spencer Bachus, R-Ala. , left, talks with former Federal Reserve Bank Chairman, and current White House economic adviser Paul Volcker on Capitol Hill in Washington, Thursday, Sept. 24, 2009, before the start of the committee...
View Photo »The House Financial Services Committee's ranking Republican Rep. Spencer Bachus, R-Ala. , left, shakes hands with former Federal Reserve Bank Chairman, and current White House economic adviser Paul Volcker on Capitol Hill in Washington, Thursday, Sept. 24, 2009, prior to Volcker testify...
View Photo »Republican Rep. Spencer Bachus, R-Ala, (C) speaks during a news conference on 'The Anniversary of the Government Intervention in the Financial Markets and the Need for Regulatory Reform.' at the Capitol Hill in Washington, DC, on September 15, 2009.
View Photo »Republican Rep. Spencer Bachus, R-Ala, (C) speaks during a news conference on 'The Anniversary of the Government Intervention in the Financial Markets and the Need for Regulatory Reform.' at the Capitol Hill in Washington, DC, on September 15, 2009.
View Photo »Republican Rep. Spencer Bachus, R-Ala, speaks during a news conference on 'The Anniversary of the Government Intervention in the Financial Markets and the Need for Regulatory Reform.' at the Capitol Hill in Washington, DC, on September 15, 2009.
View Photo »Republican Rep. Spencer Bachus, R-AL, speaks during a news conference on 'The Anniversary of the Government Intervention in the Financial Markets and the Need for Regulatory Reform.' at the Capitol Hill in Washington, DC, on September 15, 2009.
View Photo »Republican Rep. Spencer Bachus, R-AL, (C) speaks during a news conference on 'The Anniversary of the Government Intervention in the Financial Markets and the Need for Regulatory Reform.' at the Capitol Hill in Washington, DC, on September 15, 2009.
View Photo »House Financial Services Committee Chairman Rep. Barney Frank, D-Mass. , center, flanked by the committee's ranking Republican Rep. Spencer Bachus, R-Ala. , left, and Rep. Paul Kanjorski, D-Pa. , looks up at the clock on Capitol Hill in Washington, Tuesday, March 24, 2009, during the c...
View Photo »House Financial Services Committee Chairman Rep. Barney Frank, right, and the committee's ranking Republican Rep. Spencer Bachus, R-Ala. , presides over committee's hearing on AIG, Tuesday, March 24, 2009, on Capitol Hill in Washington.
View Photo »WASHINGTON - FEBRUARY 25: U.S. President Barack Obama (L) speaks from the Diplomatic Reception Room of the White House while delivering a statement discussing the need for financial regulatory reform February 25, 2009 in Washington, DC.
View Photo »WASHINGTON - FEBRUARY 25: U.S. President Barack Obama (L) departs the Diplomatic Reception Room of the White House after making a statement discussing the need for financial regulatory reform February 25, 2009 in Washington, DC.
View Photo »WASHINGTON - FEBRUARY 25: U.S. President Barack Obama (L) departs the Diplomatic Reception Room of the White House after making a statement discussing the need for financial regulatory reform February 25, 2009 in Washington, DC.
View Photo »WASHINGTON - FEBRUARY 25: U.S. President Barack Obama (C) speaks from the Diplomatic Reception Room of the White House while delivering a statement discussing the need for financial regulatory reform February 25, 2009 in Washington, DC.
View Photo »WASHINGTON - FEBRUARY 25: U.S. President Barack Obama (L) departs the Diplomatic Reception Room of the White House after making a statement discussing the need for financial regulatory reform February 25, 2009 in Washington, DC.
View Photo »U.S. President Barack Obama (C) makes an announcement on his meeting with Senate Banking and the House Financial Services Committee at the White House in Washington, February 25, 2009.
View Photo »President Barack Obama exits the Diplomatic Reception Room of the White House in Washington, Wednesday, Feb. 25, 2009, after making comments after a meeting between his economic team and Congressional financial committee leaders.
View Photo »President Barack Obama makes comments in the Diplomatic Reception Room of the White House in Washington, Wednesday, Feb. 25, 2009, following a meeting with Congressional financial committee leaders and his economic team.
View Photo »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.
View Photo »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
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 ...
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