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Reprieve for Wall Street Is Expected to Be Limited
Nov 4, 2010
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Republican gains in Congress will likely give Wall Street only a limited reprieve from the sweeping financial overhaul signed into law in July, while exposing banks and securities firms to heightened risk of hostile rhetoric from tea-party lawmakers.
Analysts, industry groups and other experts sa...
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GOP Pledges Major Changes to Dodd-Frank, Fannie and Freddie, CFPB
Nov 4, 2010
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Two different interpretations of this week's historic midterm elections emerged on Wednesday, with both sides competing to say how the vote would impact the financial services world.
On the one hand, House Republicans, who retook the chamber after four years, saw their victory as a mandate to ove...
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An Effort to Adapt a European-Style Tool to U.S. Mortgages
Nov 2, 2010
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Covered bonds, a financing tool that has been popular in Europe since the 18th century, are winning converts here as a new way to finance residential and commercial mortgages.
A covered bond is a securitized debt instrument backed by a pool of high-quality assets, usually mortgages. But unlike th...
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Garrett Statement on GOP’s Pledge to America
Sep 23, 2010
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Rep. Scott Garrett (R-NJ) today issued the following statement after House Republicans presented “A Pledge to America,” a new governing agenda focused on addressing the American people’s top priorities:
“For too long, the voices of the American people have been ignored by Democrats in Washi...
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Garrett Statement on Obama’s Latest Stimulus Proposal
Sep 8, 2010
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Rep. Scott Garrett (R-NJ) issued the following statement today in response to President Obama’s plan for a second stimulus package:
“It’s downright irresponsible for the president to be proposing another ill-considered stimulus plan that will have little impact on our economy and will do virtua...
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New Jersey Isn’t Buying It, Mr. President
Jul 28, 2010
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President Obama’s nationwide road show to sell the American public on his costly stimulus package takes him to Edison, New Jersey today.
Of course, we’ve seen this story before. The President will take the stage, fire up the teleprompter and use high-flying rhetoric to try and convince New Jersey t...
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Garrett Statement on President Obama’s Trip to New Jersey
Jul 28, 2010
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Congressman Scott Garrett (R-NJ) issued the following statement today as President Obama traveled to Edison, New Jersey to discuss the state of the economy.
“While there has been much talk about the Democrats’ economic stimulus package, here in New Jersey the results haven’t matched the rhetoric...
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Garrett Praises Christie’s Budget
Mar 16, 2010
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Rep. Scott Garrett (R-NJ) released the following statement praising the bold and necessary moves proposed by Governor Chris Christie in his FY2011 budget proposal.
“It is not an easy task Governor Christie is being faced with but the FY2011 budget proposal is the first commonsense an...
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