Posted on 12/12/2010 4:58:31 PM PST by jazusamo
When Republicans take control of the House next month, few committees will undergo a more drastic transformation in style, tempo and possibly legislative action than the Financial Services one.
Gone as chairman will be Democrat Rep. Barney Frank, the bombastic, quick-witted Massachusetts bulldog who helped broker the Obama administration's push for Wall Street reforms, the most sweeping financial regulatory overhaul since the New Deal.
Instead, say hello to incoming Chairman Spencer Bachus, a soft-spoken, reserved Alabama Republican with few — if any — enemies on Capitol Hill or Wall Street.
"He's one of the nicest guys in the world — and that's a plus and that's a minus," said Mark A. Calabria, director of financial regulation studies at the Cato Institute, a free-market Washington think tank.
Some Republicans privately have expressed concerns that Mr. Bachus hasn't stood up enough against the aggressive Mr. Frank. The scenario encouraged Rep. Ed Royce, California Republican, who gained some support for taking a harder stance against federal stimulus and Wall Street bailout packages, to challenge the Alabama lawmaker for the post.
But Mr. Bachus, who has served as the committee's top Republican since 2007, secured the backing of House GOP leaders and was elected last week by party members to serve as the committee's chairman for the upcoming 112th Congress.
"I will honor our pledge to America and act on the priorities the American people delivered us last November" in the congressional elections, Mr. Bachus said. "We are going to protect taxpayers by ending 'too big to fail' and the administration's unlimited bailout of Fannie Mae and Freddie Mac."
(Excerpt) Read more at washingtontimes.com ...
I don’t care how nice he is, as long as he isn’t a crooked, perv socialist like Barney.
Barney can go back to putting things where the sun don’t shine
great. just what we need, a nice Republican.
Agreed and hopefully Rep. Jeb Hensarling as vice chair will balance out his niceness as the article mentions.
This man belongs in an orange jumpsuit and leg shackles.
Ditto, Dodd.
Absolutely, they’re both criminals and had it not been for the two of them we wouldn’t be in quite the mess we are now.
As long as he walks softly and carries a BIG stick,
I don’t care.
Reagan was nice.
We brought a nice guy to a gun fight.
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