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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Senate Banking Committee

Senate Banking Committee stories: 24 news summaries

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(Newser) - Ben Bernanke can expect a standing ovation from economists at a Fed retreat in Jackson Hole today—for the financial establishment, the Fed chairman is a superhero, hailed for his aggressive, unprecedented actions to stem the worst crisis in generations. Yet on Capitol Hill he's far less popular, and the... More »

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Ben Bernanke • Federal Reserve • recession • Chris Dodd • central bank • Senate Banking Committee • financial crisis

(Newser) - The Obama administration's plan to help millions of homeowners avoid foreclosure has so far been a major failure, Politico reports. It's reached just 160,000 of the 3 to 4 million homeowners it was supposed to protect, and another 2 million homes are expected to be foreclosed upon before the... More »

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housing market • foreclosure • mortgage • mortgage loans • Senate Banking Committee • Obama administration

ANALYSIS

Congress Wary of Fed's Growing Power

After decades of deference, legislators turn on central bank

Jun 19, 09 8:30 AM CDT
(Newser) - Tim Geithner testified before the Senate Banking Committee yesterday, but as the Washington Post reports, it's not the Treasury but the Fed whose growing powers most worry legislators. Republicans and Democrats are both venting that Ben Bernanke's office did little to stop the excesses of the boom years, only to... More »

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Ben Bernanke • Charles Schumer • Congressional oversight • Federal Reserve • regulation • Richard Shelby • Senate Banking Committee • Obama administration • financial crisis • Timothy Geithner

Banks Raised $56B Since Tests: Geithner

Stress assessments boost confidence, have helped markets heal

May 20, 09 2:16 PM CDT
(Newser) - Government stress tests boosted confidence in the nation’s biggest banks and helped them raise $56 billion in needed capital, Treasury Secretary Tim Geithner told Congress today. His remarks were met by bipartisan skepticism, with members noting that smaller institutions still face severe challenges, the Wall Street Journal reports. “... More »

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bank • Chris Dodd • Richard Shelby • Senate Banking Committee • Obama administration • Timothy Geithner • TARP • stress tests

analysis

Will the Real Chris Dodd Please Stand Up?

Senator part populist, part bank ally

Mar 27, 09 12:38 PM CDT
(Newser) - Chris Dodd is a man of contradictions, writes David Whitford for Fortune. The Democratic senator portrays himself as a populist; he’s passed consumer-protection and family-issues laws, and he staunchly opposed the bankruptcy bill. But he’s also received loads of cash from financial companies, including AIG, and... More »

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Chris Dodd • AIG • campaign contributions • Senate Banking Committee • bank regulation

 Dodd: 'I Saved 
 AIG Bonuses at 
 White House 
 Request' 

He was follwoing White House orders, sayd Senate Banking Committee chair

Mar 19, 09 2:32 AM CDT
(Newser) - The bonus loophole mystery has been solved. Banking Committee Chairman Sen. Chris Dodd added language to the stimulus bill that allowed the AIG bonuses to stand—at the request of the White House, he told CNN. The Connecticut Democrat said he did so reluctantly at the insistence of unnamed Obama... More »

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Chris Dodd • AIG • bonuses • Senate Banking Committee • bailout • fiscal crisis

(Newser) - A “multitude of regulators” failed to spot the liquidity risk AIG was piling on until it was too late, and should have stepped in sooner, the Office of Thrift Supervision told the Senate today. A relatively small unit of AIG was piling up credit default swaps, and “no... More »

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AIG • Office of Thrift Supervision • Senate Banking Committee • bailout • credit default swap • regulator

 Bernanke: 
 Recession 
 Should End 
 This Year 

2010 will be 'year of recovery'

Feb 24, 09 10:09 AM CST
(Newser) - If the government’s plans work, the recession will be over by the end of this year, Ben Bernanke told senators today, making 2010 a “year of recovery.” But, the Wall Street Journal reports, the Federal Reserve chief pointed to continuing storm clouds, saying the US is undergoing... More »

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Ben Bernanke • Federal Reserve • recession • testimony • Senate Banking Committee • economy • financial crisis

Dodd Backs Nationalizing Banks; White House Doesn't

Banking chair weighs short-term moves

Feb 20, 09 3:19 PM CST
(Newser) - Chris Dodd says the US may have to nationalize the most troubled banks for “a short time” to save the financial system, Bloomberg reports. The chairman of the Senate Banking Committee joined Ben Bernanke and Alan Greenspan in calling for serious consideration of nationalizing flailing institutions such as Bank... More »

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Citigroup • Bank of America • nationalization • recession • bank • Chris Dodd • Senate Banking Committee • bank failure • financial crisis

(Newser) - The CEOs of the Big Three automakers told the Senate today that a $25 billion bailout of the industry is necessary to prevent "catastrophic" effects on the economy, the New York Times reports. “If the domestic industry were allowed to fail,” said GM's Rick Wagoner, it... More »

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Congress • Chrysler • Senate • General Motors • Detroit • Ford • Chris Dodd • Alan Mulally • Robert Nardelli • credit crisis • Rick Wagoner • Senate Banking Committee • bailout • auto bailout

UPDATED

 Lawmakers: We Have a Deal 

Dodd touts 'fundamental agreement' ahead of meeting with Bush

Sep 25, 08 12:57 PM CDT
(Newser) - The bipartisan group of legislators working on either a Wall Street bailout or a rescue package has reached "a fundamental agreement on a set of principles," Senate Banking Committee Chris Dodd said today. Racing to make a deal before a scheduled 4pm meeting at the White House, the... More »

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Congress • Wall Street • Chris Dodd • credit crisis • Senate Banking Committee • bailout • George W. Bush • financial crisis

Alabama Senator Leads
GOP Charge Against Bailout

$700B bailout doesn't jibe with free-market principles, says Shelby

Sep 24, 08 2:03 AM CDT
(Newser) - Republican Alabama Sen. Richard Shelby is proving to be one of the toughest opponents of the Treasury Department's proposed bailout of financial firms, the Wall Street Journal reports. The ranking member of the Senate Banking Committee is leading the charge against the plan by Republicans who view it as a... More »

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Henry Paulson • Treasury Department • Richard Shelby • Senate Banking Committee • bailout • financial crisis

(Newser) - Henry Paulson and Ben Bernanke ran into a bipartisan buzzsaw of criticism and skepticism during a 5-hour pitch for their massive bailout plan on Capitol Hill today, the Washington Post reports. Afterward, Sen. Chris Dodd, the Democratic chair of the Senate's banking panel, flatly declared the plan "unacceptable."... More »

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Ben Bernanke • Henry Paulson • Senate Banking Committee • bailout • financial crisis

Without Bailout, Recession Likely: Bernanke

Markets in 'fragile condition,' Fed chair warns Congress

Sep 23, 08 2:47 PM CDT
(AP) - Ben Bernanke bluntly warned Congress today that they risk a recession if they fail to pass the Bush administration's $700 billion plan to bail out the financial industry. "The financial markets are in quite fragile condition and I think absent a plan they will get worse," Bernanke said,... More »

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Ben Bernanke • Senate Banking Committee • bailout • financial crisis

Prickly Congress Greets Paulson, Bernanke

Dodd, Shelby show skepticism

Sep 23, 08 10:32 AM CDT
(Newser) - Ben Bernanke and Henry Paulson implored Congress to swiftly pass a $700 billion bailout bill today, as they testified before the Senate Banking Committee. But there was an air of skepticism in the room. Chairman Chris Dodd’s introduction was noticeably prickly, and ranking Republican Richard Shelby was outright hostile,... More »

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Ben Bernanke • Henry Paulson • Chris Dodd • Richard Shelby • Senate Banking Committee • financial crisis

Wrangle Over $700B Bailout Heats Up

Lawmakers seek pay caps, homeowner help, as doubts mount

Sep 23, 08 6:58 AM CDT
(Newser) - Congress and the Bush administration are edging closer to an agreement on a bailout for financial firms—but several major sticking points remain, the New York Times reports. Progress has been made on oversight for the $700-billion fund, but lawmakers are pushing for taxpayers to get an equity stake in... More »

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Congress • Ben Bernanke • Federal Reserve • US economy • credit crisis • John Paulson • subprime crisis • Senate Banking Committee • bailout • financial crisis

'No Immediate Plans' to Prop Up Freddie/Fannie: Paulson

Bernanke gives gloomy outlook for rest of 2008, but raises growth forecast

Jul 15, 08 1:08 PM CDT
(Newser) - The US government won't be lending capital to Fannie Mae and Freddie Mac in the near future, Treasury Secretary Henry Paulson told a Senate committee today. "There are no immediate plans to access either the proposed liquidity or the proposed capital backstop,'' Paulson said, and any lending to... More »

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Ben Bernanke • Federal Reserve • Henry Paulson • Freddie Mac • Fannie Mae • Senate Banking Committee • George W. Bush • financial crisis

Housing Industry Funnels 
Cash to Lawmakers 

Campaign contributions soar compared to 2006

Jul 5, 08 7:16 AM CDT
(Newser) - The housing industry has given more campaign cash to lawmakers and political parties this election cycle than it gave through the entire 2006 cycle, the Wall Street Journal reports, as an emergency housing bill containing favorable provisions for the industry has been working its way through Congress. Cash has flowed... More »

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Congress • House Financial Services Committee • Chris Dodd • Barney Frank • campaign contributions • housing industry • Senate Banking Committee • political donations • housing legislation

Mortgage Deal Close in Senate

Bipartisan bill would expand insurance for refinanced loans, boost feds' oversight

May 15, 08 1:11 PM CDT
(Newser) - A Senate committee is close to agreeing on expansion of a government insurance program for refinanced mortgages, the Wall Street Journal reports. Though ridden with partisan conflict as recently as a week ago, staff for Democrat Chris Dodd and Republican Richard Shelby said today the sides were nearing a compromise,... More »

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mortgage • Chris Dodd • Richard Shelby • refinanced mortgages • Senate Banking Committee • bailout • mortgage insurance

Fed, Execs Defend Bear Bailout

Collapse would have spread throughout economy, they argue

Apr 3, 08 12:10 PM CDT
(Newser) - Bear Stearns was just hours from collapse, and letting it go down would have been disastrous, executives and regulators argued on Capital Hill today while defending the controversial bailout, the New York Times reports. Without the takeover, “we would all be facing a far more dire set of challenges,... More »

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Ben Bernanke • Federal Reserve • Bear Stearns • Chris Dodd • Senate Banking Committee • James Dimon • JPMorgan Chase • financial crisis

1 - 20 of 24 Stories | 1 2 Next >>


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