Word: congressman
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...Chairman Ben Bernanke, who according to inside reports had been advocating for a recapitalization for months. Money flowed out of the stock market, including that of many large hedge funds. Some $2 trillion in market value disappeared in a week. "It was tunnel vision," says Republican Congressman Spencer Bachus, ranking member of the House Committee on Financial Services. At a meeting at the White House on Sept. 25, Bachus says, he and others brought up the need for alternative approaches. "The President said, 'Paulson wants to do it. He's the guy. Whatever he says...
Three-term Florida Congressman Tom Feeney has not been criminally charged in the Washington corruption scheme that sent super-lobbyist Jack Abramoff to federal prison. But the taint of the Republican's 2003 golf trip to Scotland on Abramoff's dime is derailing his re-election campaign...
...Paulson tasked him with assessing plans to untangle the housing mess, and this year he launched a program to funnel money to struggling mortgage holders facing foreclosure. Though Kashkari is a Republican who gave $2,000 to George W. Bush's 2004 re-election campaign, a spokesman for Congressman Barney Frank, the liberal head of the House Financial Services Committee, calls him "very knowledgeable and very smart...
...congressman said yesterday that he will introduce legislation this January requiring colleges and universities to spend at least 5 percent of their endowments each year, a move that follows months of heated debate over the prospect of such a mandate...
Representative Peter F. Welch, Vermont’s Democratic congressman, said in an interview yesterday that his bill will likely require endowment spending to meet a five-percent floor over rolling three-to-five year periods, instead of a strict limit that colleges meet the five-percent target each year...