Keyword: spencerbachus

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  • Rep. Spencer Bachus won't seek re-election in 2014

    09/30/2013 6:24:15 AM PDT · by 6ppc · 35 replies
    AL.com ^ | 9/30/2013 | George Talbot
    U.S. Rep. Spencer Bachus, R-Vestavia Hills, said this morning that he will not seek re-election in 2014. Bachus, 65, said in a statement released by email that he will retire from congress at the conclusion of his current term in December 2014. Bachus, who has represented the state's 6th congressional district since 1993, is the senior member of Alabama's congressional delegation.
  • House GOP opposition to fiscal cliff bill grows

    01/01/2013 12:16:52 PM PST · by Hojczyk · 37 replies
    Politico ^ | January 1, 2013 | Jake Sherman and Carrie Budoff Brown
    An overwhelming number of House Republicans in a party meeting are calling on their leadership to amend the Senate’s bill to avert the fiscal cliff and send it back to the upper chamber, according to several sources in the Tuesday afternoon meeting. GOP leadership has not made a decision on what to do with the Senate-passed tax hike bill. They are using this meeting to listen to lawmaker concerns. They’ll have another meeting this afternoon, where a decision could come on whether to bring the bill to the floor. One thing is clear: there is serious disdain among House Republicans...
  • Rep. Bachus Faces Insider-Trading Investigation

    02/09/2012 8:48:16 PM PST · by fight_truth_decay · 27 replies
    WPO ^ | Thursday, February 9, 9:30 PM | Scott Higham and Dan Keating
    The Office of Congressional Ethics is investigating the chairman of the House Financial Services Committee over possible violations of insider-trading laws, according to individuals familiar with the case. Rep. Spencer Bachus (R-Ala.), who holds one of the most influential positions in the House, has been a frequent trader on Capitol Hill, buying stock options while overseeing the nation’s banking and financial services industries.
  • Lawmakers Look to Rein In Their Investing (Sarah effects change, again!)

    11/28/2011 11:18:30 AM PST · by 2ndDivisionVet · 18 replies
    The New York Times' The Caucus ^ | November 28, 2011 | Carl Hulse
    The coverage was hard-hitting and shocking to some: Members of Congress received special opportunities to get in on the ground floor of stock offerings, and were actively trading in shares of companies “whose prosperity they influence and whose conduct they help to regulate.” --snip-- Given the political environment, members of Congress appear eager to insulate themselves not only from the suggestion that they have some market advantage over average Americans but also from what they expect could become a potent campaign charge in a year when many usually safe incumbents could face a challenge. Sarah Palin provided the contours of...
  • EXCLUSIVE: Financial Documents Suggest GOP Rep. Bachus Profited from 'Insider Trading' on TARP....

    11/13/2011 6:41:51 PM PST · by Bigtigermike · 22 replies
    biggovernment ^ | Sunday November 13, 2011 | Wynton Hall
    U.S. Representative Spencer Bachus (R-AL) had access to highly sensitive financial information during the 2008 bailout debates that may have helped him earn tens of thousands of dollars by trading stock options, even as most Americans’ portfolios took a beating. On Sunday, Rep. Bachus’s trading behavior came under fire in a 60 Minutes report based on Throw Them All Out, the book by investigative journalist and Breitbart editor that has triggered a political earthquake in Washington. Bachus’s trades during debate over the Troubled Asset Relief Program (TARP) raise serious questions about whether he invested based on information he acquired as...
  • House panel makes ACORN eligible to share regulatory authority

    10/27/2009 9:46:10 PM PDT · by Nachum · 7 replies · 774+ views
    Washington Examiner ^ | 10/27/09 | Mark Tapscott
    Besides giving advice on avoiding taxes and fraudulently getting home loans for brothels featuring 13-year-old Salvadoran girls illegally smuggled into this country, ACORN officials could soon be helping regulate your local bank, thanks to an amendment adopted by Rep. Barney Frank's House Financial Services Committee. The amendment was sponsored by Rep. Maxine Waters, D-CA, and provided that five slots on the oversight board for the proposed new Consumer Financial Protection Agency be reserved for representatives of "consumer protection, fair lending and civil rights, representatives of depository institutions that primarily serve underserved communities, or representatives of communities that have been significantly...
  • Bank of America Cuts Ties With ACORN

    09/28/2009 3:55:27 PM PDT · by fiscon1 · 11 replies · 543+ views
    The Provocateur ^ | 09/28/2009 | Mike Volpe
    This broke earlier this morning. Bank of America Corp. is suspending its work with the housing affiliate of embattled community organizing group ACORN. The decision comes as three Republicans in Congress ask Bank of America and 13 other financial institutions to give Congress a complete accounting of their dealings with the Association of Community Organizations for Reform Now or its affiliates.
  • Bachus: Social Security may face deficit (predicts progam could be out of money in two years)

    08/19/2009 5:13:03 PM PDT · by Libloather · 38 replies · 1,581+ views
    Tuscaloosa News ^ | 8/19/09 | Tommy Stevenson
    Bachus: Social Security may face deficitLegislator predicts progam could be out of money in two years By Tommy Stevenson Associate Editor Last Modified: Wednesday, August 19, 2009 at 9:39 a.m. TUSCALOOSA | Social Security could face a deficit within two years, according to U.S. Rep. Spencer Bachus who met with The Tuscaloosa News editorial board Tuesday. “The situation is much worse than people realize, especially because of the problems brought on by the recession, near depression,” said Bachus, R-Vestavia Hills, in an interview with the Tuscaloosa News editorial board. Bachus, the ranking member of the House Committee on Financial Services,...
  • Sheriff Mack hits back at “right-wing extremism” & militia report

    08/15/2009 10:19:56 AM PDT · by Rodebrecht · 33 replies · 2,420+ views
    Big 3 News ^ | 8/14/09 | Rusty Ray
    The 24-page report released this month by the Southern Poverty Law Center (SPLC) entitled, “The Second Wave: Return of the Militia” is sweeping in its indictment. In it, police officers, soldiers, veterans, tax defiers, Patriots, tea party members, right-wing militias, “birthers” and sovereign citizen proponents are all said to exhibit elements of a resurging anti-government movement that reached it’s zenith in the mid-1990’s and spiraled out of control with violence and domestic terrorism. A number of national and local citizens groups are called out in the report — the National Rifle Association, Minutemen, Oath Keepers — as well as mainstream...
  • Media Irked by Congressman's 'Socialist' Label; Ignores Double Standard

    04/10/2009 11:20:03 AM PDT · by Rufus2007 · 17 replies · 1,242+ views
    NewsBusters ^ | April 10, 2009 | Jeff Poor
    You could almost hear "How dare he!" being uttered by the left-wing establishment when Politico reported April 9 that a Republican congressman identified a specific number of "socialists" in the U.S. House of Representatives. In a speech he gave at his home district, Rep. Spencer Bachus, R-Ala., the ranking Republican, Rep. Barney Frank's (D-Mass.) counterpart, on the House Banking Committee, said there were 17 socialists among him and his colleagues in the House. Some in the media were also disturbed by Bachus' remarks and expressed dismay on MSNBC April 10. Emily Heil, a frequent guest on MSNBC and "Heard on...
  • Congressman: Maher's Remark 'Borders On Treason'

    05/24/2005 2:39:39 AM PDT · by kingattax · 18 replies · 1,019+ views
    WASHINGTON -- A congressman says comedian Bill Maher's comment that the U.S. military has already recruited all the "low-lying fruit" is possibly treasonous and at least grounds to cancel the show. Rep. Spencer Bachus, R-Ala., takes issue with remarks on HBO's Real Time with Bill Maher, first aired May 13, in which Maher points out the Army missed its recruiting goal by 42 percent in April. "More people joined the Michael Jackson fan club," Maher said. "We've done picked all the low-lying Lynndie England fruit, and now we need warm bodies." Army Reserve Pfc. England was accused of abusing prisoners...
  • Rep. Bacus Blasts Maher

    05/23/2005 6:42:45 PM PDT · by wagglebee · 30 replies · 1,240+ views
    NewsMax ^ | 5/23/05 | AP
    A congressman says comedian Bill Maher's comment that the U.S. military has already recruited all the "low-lying fruit" is possibly treasonous and at least grounds to cancel the show. Rep. Spencer Bachus, R-Ala., takes issue with remarks on HBO's Real Time with Bill Maher, first aired May 13, in which Maher points out the Army missed its recruiting goal by 42 percent in April. "More people joined the Michael Jackson fan club," Maher said. "We've done picked all the low-lying Lynndie England fruit, and now we need warm bodies." Army Reserve Pfc. England was accused of abusing prisoners at the...