1-13-10, Bachus Statement on AIG |
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January 13, 2010
WASHINGTON - House Financial Services Committee Ranking Member Spencer Bachus made the following statement today:
"In his press conference this morning, Chairman Frank said that I had asked for a hearing on the disparity of payments made by AIG to counter-parties as compared to smaller banks, but that I withdrew the request. .
"Chairman Frank is mistaken on this point. As the seven letters attached clearly show, I have repeatedly requested a Full Committee hearing on this subject since first raising the issue in a hearing in March 2009.
"As the latest letter states, ‘There is no more urgent business before the Committee and this hearing should be given the highest priority'."
NOTE: Click here to view a copy of the letters.
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