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Committee Statements

  • Bachmann: Administration’s plan is codification of the ad hoc approach to bailout mania
    Sep 24, 2009  - U.S. Representative Michele Bachmann (MN-06), member of the House Financial Services Committee, released the following statement as the Committee hears from witnesses addressing financial regulatory reform.  While the Administration’s plan perpetuates the bailouts instituted last fall, House Republi... More
  • Bachmann to Secretary Geithner: We have a positive alternative to bailout nation
    Sep 23, 2009  - U.S. Representative Michele Bachmann (MN-06), member of the House Financial Services Committee, released the following statement for the Committee’s hearing on the Administration’s Proposals for Financial Regulatory Reform with Treasury Secretary Timothy Geithner:   “I don’t believe that anyone wa... More
  • Bachmann Warns Against Exacerbation of Credit Crunch
    Apr 23, 2009  - U.S. Representative Michele Bachmann (MN-06), member of the House Financial Services Committee, today released the following statement as the Committee considered far-reaching legislation that will significantly impact access to credit for consumers across the nation:   “At a time when our financi... More
  • Bachmann: Stop Punishing Responsible Borrowers
    Mar 25, 2009  - U.S. Representative Michele Bachmann (MN-06), member of the House Financial Services Committee, today reiterated her call to the government to give our financial markets certainty instead of mixed messages, as well as her demand for an exit strategy from the Treasury’s trial-and-error approach to ou... More
  • Bachmann Calls Scandalous AIG Bonuses an Expectable Outgrowth
    Mar 18, 2009  - U.S. Representative Michele Bachmann (MN-06), member of the House Financial Services Committee, today made the following statement as the Committee questioned CEO Edward Liddy about AIG’s $165 billion in taxpayer-funded bonuses:   “It would be hard not to begin by expressing the same distaste that... More
  • Bachmann Urges Congressional Due Diligence on Regulation of Systemic Risk
    Mar 5, 2009  - Today, U.S. Representative Michele Bachmann (MN-06) provided the following statement for the first House Financial Services Committee’s hearing in a series on the regulation of systemic risk in the financial services system:   “Unlike previous actions of late taken by Congress to address the finan... More
  • Bachmann Cautions Bernanke Against Nationalization of Banks and Further Taxpayer Exposure
    Feb 25, 2009  - U.S. Representative Michele Bachmann (MN-6) today provided the following statement for the House Financial Services Committee hearing on Monetary Policy and the State of the Economy with Federal Reserve Chairman Ben Bernanke:   “Yesterday, the Senate heard from Chairman Bernanke about the state of... More
  • Bachmann Statement on TARP Oversight, Accountability and Transparency for U.S. Taxpayers
    Feb 24, 2009  - U.S. Representative Michele Bachmann (MN-6) provided the following statement today for the House Financial Services Committee Hearing on TARP Oversight, Accountability and Transparency for U.S. Taxpayers:   “It’s been almost five months since the Troubled Asset Relief Program (TARP) was signed int... More
  • Financial Services Committee Statement: “Tarp Accountability: Use of Federal Assistance by the First TARP Recipients”
    Feb 11, 2009  - Statement by Rep. Michele Bachmann House Financial Services Committee Hearing “Tarp Accountability: Use of Federal Assistance by the First TARP Recipients”   February 11, 2009   "Thank you, Mr. Chairman.   "I’m afraid that today’s panelists have been invited to come before our Committee a li... More
  • Financial Services Committee Statement: Assessing the Madoff Ponzi Scheme and Regulatory Failures
    Feb 4, 2009  - Statement by Rep. Michele Bachmann House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises Hearing entitled “Assessing the Madoff Ponzi Scheme and Regulatory Failures”   February 4, 2009   "Thank you, Mr. Chairman.   "When Bernard Madoff rec... More