I reclaim my time. One thousand million dollars and $29 billion of authorization, 2 years of a failed program, and the week before we come to the floor, you file a bill. You file a bill. I'm sorry to say to the ranking member, you can file…
Spencer Bachus
The Public Record
American politician
Well, let me ask you this: The IG said they couldn't trace some of this money, and I think we've all figured that out. If we don't know whom we're paying----
It was the person that you wrote the check to. You have to buy it, and you wrote the check out. So you know who the owner is.
Well, there you go again. Instead of talking about this program, you want to talk about the Brazil cotton deal, or you want to talk about Afghanistan. And I'll talk about those. But before I do, I have a question for you, for my colleagues…
I do want to caution Members that it is not an obligation of Congress or of Members of Congress... to intervene and to suggest to the lenders that they do anything other than give due consideration. We simply put them in communication…
Would the gentlelady tell the Members, when you write that check to help them with their underwater home, that check goes to Bank of America. That check goes to Citibank. That check goes to just fill in the bank, fill in the mortgage…
I am very concerned that our highest duty in this Congress is to ensure the security and freedom of our Nation and our people.
We need to ensure that these regulators have the tools and resources to complete the objectives that Congress has laid out.
If the rulemaking, particularly of the CFTC, were to be implemented in its current form it could literally spell the end of the U.S.-based derivatives market.
I think what they are doing, I hear this, that they were too lax in the good times and you mentioned and now they want to kind of make it up.
We in America--the whole country was founded on the premise that we all have the freedom to succeed or fail.
He reportedly pointed out the Democrats passed those new regulations, the ones that he's fighting to change.
Bachus hasn't taken over yet, but is already sending some strong signals that he would like to dismantle or change some of the financial reforms passed last July.
I want to introduce you to Republican Congressman Spencer Bachus of Alabama. He's replacing Democrat Barney Frank as head of the powerful House Financial Services Committee.
I believe Mr. Bachus has said he's going to reserve every Thursday to have Elizabeth Warren come in and explain herself.
The Senate would be Republican today except for states in which Palin endorsed candidates, like Christine O'Donnell in Delaware. Sarah Palin cost us control of the Senate.
Let me say this to both gentlemen offering this legislation: As the father of a marine, I want to commend you for doing this. These young men and women are our true heroes of today, and their families face many hardships, many challenges…
When I say they shouldn't bail out the creditors and counterparties, I don't care whether they are in receivership or not. They should not bail them out, period.
If it encourages parents to be more attentive to the symptoms of autism and to get early treatment for their children, we will have done a great service for their families.
It is time, it is necessary as part of our job to--because we all, in the future, we want to try to avoid these things.
What started out last year as a large but temporary stabilization effort has evolved into a permanent government intervention regime.
The Obama Administration has been spending a staggering amount of money to fund an economic recovery and stimulus that is slow in coming.





