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“A bipartisan report circulated today by House Committee on Oversight Chairman Henry A. Waxman and Ranking Member Tom Davis finds that President Bush made a legally unprecedented and an inappropriate use of executive privilege when he directed Attorney General Mukasey to withhold Special Counsel Patrick Fitzgeralds interview of Vice President Cheney from the Committee. A …
News release: “The President’s Working Group on Financial Markets made a statement Tuesday on a series of comprehensive actions to strengthen public confidence in our financial institutions and restore functioning of our credit markets.” Statement by Secretary Henry M. Paulson, Jr. on Actions to Protect the U.S. Economy Joint Statement by Treasury, Federal Reserve and …
Interim Assistant Secretary for Financial Stability Neel Kashkari Remarks before the Institute of International Bankers, October 13, 2008 “On Friday October 3, Congress passed and President Bush signed into law the bipartisan Emergency Economic Stabilization Act of 2008. The law gives the Treasury Secretary broad and flexible authority to purchase and insure mortgage assets, and …
The Open House Project: “Fulfilling one of the recommendations of the Open House Project report, The Library of Congress has published on their THOMAS web page directions for creating permanent links.” THOMAS: “Legislative Handles are a new persistent URL service for creating links to legislative documents from the THOMAS web site (http://thomas.loc.gov). With a simple …
Follow up to September 17, 2008 posting, Congress Passes ADA Amendments Act, this America.gov article, Protections for Americas Disabled Workers Expanded Under New Law: “A new law restores workplace protections for the disabled that had eroded as a result of several Supreme Court decisions issued since the Americans with Disabilities Act (ADA) was passed in …
News release: “American workers have lost as much as $2 trillion in retirement savings over the last year highlighting the devastating toll that the nations financial crisis is taking on their retirement plans, witnesses told the U.S. House Education and Labor Committee today. Todays hearing is one of several that House Democrats have scheduled …
From Chairman Waxman’s Opening Statement: “Today we are holding our second day of hearings on the financial crisis on Wall Street. Yesterday, we examined the collapse of Lehman Brothers. Our focus today is AIG. There are obvious differences between Lehman and AIG. Lehman is an investment bank; AIG is an insurance company. Lehman fell because …
Minority Staff of the Joint Economic Committee: Government Policy Blunders Largely Caused the Global Financial Crisis, October 7, 2008. Research Report #110-26 “Macroeconomic and microeconomic policy blunders by both the U.S. government and foreign governments inflated an unsustainable housing bubble in the United States and other developed economies. When this bubble inevitably popped, a global …
The Economic Bailout: An Analysis of the Economic Emergency Stabilization Act, Katalina M. Bianco, J.D., John M. Pachkowski, J.D., CCH – Wolters Kluwer Law & Business “The current credit crisis, which led to the enactment of the EESA, has its deepest roots in the subprime mortgage crisis, known in the popular media as the mortgage …
Republican Members of the House Committee on Oversight and Government Reform, Examining the Causes of the Credit Crisis of 2008 Minority Staff Analysis, October 6, 2008 “The current credit crisis is a complex phenomenon with its roots in a number of places involving a myriad of people and institutions. Key players and institutions include Members …
The Oversight and Government Reform Committee held a hearing today to examine the regulatory mistakes and financial excesses that led to the bankruptcy filing by Lehman Brothers. The following witnesses have testified: Dr. Luigi Zingales (Oral and Written Testimony), Professor of Finance, University of Chicago Dr. Robert F. Wescott, President, Keybridge Research LLC Nell Minow, …
Congressional Reports: Browse – “To browse a current catalog of congressional reports available on GPO Access, click on the link for the appropriate Congress and session below. Catalogs are available for the 110th Congress. Links are included with each congressional report listed in the catalog, which retrieve the text of the corresponding document as an …
