- 10/15/2008
Frank Response to Republican Letter Regarding Hearing on Financial Services Regulation
Washington, DC - House Financial Services Committee Chairman Barney Frank (D-MA), today released the following statement in response to a letter sent by House Minority Leader John Boehner (R-OH), House Financial Services Committee Ranking Member Spencer Bachus (R-AL) and Republican members of the committee, and their attempt to divert the focus of the Financial Services Committee’s October 21st hearing on the future of financial services regulation.
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- 10/10/2008
House Members Question Federal Regulators Oversight of AIG Lavish trip at the heart of members’ concern
Washington, DC - Nine Democratic members of the House of Representatives today wrote a letter to Treasury Secretary Hank Paulson and Federal Reserve Board of Governors Chairman Ben Bernanke to express concern over their oversight of American International Group and specifically, the reported lavish trip by executives after the company received substantial support from taxpayers. The members ask that the executives who attended the trip reimburse the taxpayers for their expenses.
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- 10/10/2008
Financial Services Committee to Hold Hearing on Financial Regulation
Washington, DC - House Financial Services Committee Chairman Barney Frank (D-MA) today announced that the Committee will hold a hearing to address the need for broad regulatory restructuring and reform for the financial markets, including financial institution oversight and regulation, systemic risk, and housing finance. This is a continuation of two hearings held by the committee in July focused on regulatory restructuring and systemic risk, which the Committee heard from regulators.
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