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"Financial overhaul bill gets wary reception" from the AP
Oct 30, 2009
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By Jim Kuhnhenn and Anne Flaherty for the AP:
WASHINGTON — An Obama administration plan to dissolve large, struggling financial firms rather than bail them out is encountering Republican resistance, Democratic doubts and only qualified support from regulators.
At a House Financial Services hearing...
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Royce on Too Big to Fail
Oct 29, 2009
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During today's Financial Services Committee hearing on "too big to fail" and systemic regulation Rep. Ed Royce, a senior member of the committee, issued the following opening statement:
"Apparently, the "too big to fail" model is too hard to kill.
"I thought we would have learned our lesson from...
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Committee Accepts Royce Whistleblower and Safety Board Amendments
Oct 28, 2009
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Rep. Ed Royce (R-CA), a senior member of the Financial Services Committee, offered two amendments to restructure the SEC during a committee mark-up of H.R. 3817, the Investor Protection Act. Royce's amendments, adopted by the Committee, will improve the ability of the SEC to protect investors. The a...
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"GOP uses ACORN to fight bank redlining law" from AP
Oct 12, 2009
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By Sharon Theimer and Pete Yost from the AP
WASHINGTON — Conservative Republicans are capitalizing on the troubles of community activist group ACORN — ranging from charges of voter registration fraud to embarrassing videos of its employees — to revive their long-standing fight against a federal law...
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FHA may be setting up repeat of housing bubble, lawmakers worry" from the Los Angeles Times
Oct 8, 2009
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By Jim Puzzanghera for the Los Angeles Times -- In the wake of the mortgage meltdown, the Federal Housing Administration has emerged as a pillar of the still wobbly housing market -- providing vital insurance that enables borrowers to qualify for loans with as little as 3.5% down.
This year alone t...
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"Democrats on path to repeat housing disaster" from Examiner Politics
Sep 23, 2009
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By Byron York for the Examiner Politics -- With all the attention paid to the health care battle, ACORN, and the president's "Full Ginsburg" appearances on five Sunday talk shows, few people noticed a hearing with an exceedingly boring title -- "Proposals to Enhance the Community Reinvestment Act" -...
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"ACORN: Your Wallet Is On The Line" by Rep. Ed Royce
Sep 17, 2009
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The following oped by Rep. Ed Royce appeared in today's FlashReport -- Workers from the radical activist organization ACORN were recently caught on camera offering advice on the best ways to avoid tax, zoning and prostitution laws. This is just the latest development in this organization's lengthy a...
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"Dems push expanded Community Reinvestment Act, dismiss evidence that CRA contributed to financial meltdown; Republicans cite ACORN connection" from Washington Examiner
Sep 16, 2009
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By Byron York for the Washington Examiner -- A number of experts believe that aggressive enforcement of the 1970s-era Community Reinvestment Act contributed to the mortgage meltdown, and thus to the greater financial crisis, by requiring financial institutions to lend to unqualified borrowers. Now, ...
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Royce Reacts to Alarming New Budget Numbers
Aug 25, 2009
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Following the release of federal budget numbers from the Administration's Office of Management and Budget and the nonpartisan Congressional Budget Office, Rep. Ed Royce (R-CA), a senior member of the House Financial Services Committee and one of the few members to oppose every bailout, issued the fo...
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"Anti-consumer agency?" by Rep. Ed Royce
Aug 9, 2009
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The following oped by Rep. Ed Royce appeared in the Washington Times.
Irish philosopher Edmund Burke once famously said, "Those who don't know history are destined to repeat it." As Congress considers reforms intended to prevent breakdowns in our financial system, some of the ideas being pushed s...
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