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Spencer Bachus

Bachus Won't Seek Reelection

The Huffington Post | Paige Lavender | Posted 09.30.2013 | Politics

Rep. Spencer Bachus (R-Ala.) will not seek reelection in 2014. Bachus released a statement Monday announcing his plans, saying he feels it's time t...

Goldman Sachs, JP Morgan Chase: Pulling an Enron With Commodities

Joseph A. Palermo | Posted 09.20.2013 | Business
Joseph A. Palermo

Goldman Sachs is doing to aluminum exactly what Enron did to energy in the late 1990s and early 2000s: create phony bottlenecks to restrict supply to rip off consumers and skew markets in their favor for things society vitally needs.

OCC Ya! The Government Agency That Should Fine Itself

Adam Levin | Posted 06.19.2013 | Business
Adam Levin

Let's face it. The biggest bank regulator in the U.S. is an abject failure. Worse, it's costing us oodles of money, and not just from bounced checks.

Why Romney the Closer Is a Consumer Nightmare

Adam Levin | Posted 12.16.2012 | Business
Adam Levin

Mitt Romney is the poster child of big business expediency, where truth is less important than closing the deal. And if he gets elected we'll see a reprise of the Wild West days that ended in the 2008 crisis.

Dodd-Frank and CFPB Provide Stimulus to Economy With Milestone

Adam Levin | Posted 09.18.2012 | Money
Adam Levin

In it first 365 days, the Consumer Financial Protection Bureau has already done more to protect the American public than this do-nothing Congress has accomplished since it was sworn in back in the dawn of 2011.

What Dark Knight Rises and the CFPB's First Anniversary Have in Common

Adam Levin | Posted 09.17.2012 | Politics
Adam Levin

Batman just wants to do his job of protecting Gotham from crime. And the CFPB wants to do its job of protecting consumers from financial predators. Perhaps as the Dark Knight Rises to defeat the princes of evil, American voters should finally stand up to this army of darkness.

Hello Citizens United, Goodbye CFPB: Consequences of the Wisconsin Recall

Adam Levin | Posted 08.06.2012 | Politics
Adam Levin

If the recall vote in Wisconsin is any hint of what is to come in the next few months, caveat emptor will be the catch phrase of the marketplace and government will go from being our protector to being a supplicant of the one tenth of one percent.

Why Are Our Political Leaders Jumping to Jamie Dimon's Defense?

David Paul | Posted 07.20.2012 | Politics
David Paul

It may be that what we are actually watching is a not very subtle food fight between our two political parties for campaign cash. Simply stated, this is not about Dimon's management skills, rather it is about his wallet.

GOP Rep Cleared In Insider Trading Probe

Posted 04.30.2012 | Politics

The Office of Congressional Ethics found no evidence of Rep. Spencer Bachus (R-Ala.) violating insider trading rules and has unanimously agreed to dro...

Payday Lenders Know You Gotta Spend Money To Make Money

The Huffington Post | Alexander Eichler | Posted 04.20.2012 | Business

Consumer advocates in Washington have pledged to battle payday lenders, the quick-cash loan shops that often charge ruinously high interest rates to p...

Matt Sledge

Lobbyist Brags About Helping Rep. Win Primary Challenge: 'It Helps To Have Friends'

HuffingtonPost.com | Matt Sledge | Posted 03.22.2012 | Politics

Earlier this month Rep. Spencer Bachus (R-Ala.), chairman of the powerful House committee that oversees the financial services industry, was facing a ...

Zach Carter

'We'll Fight This To The Death': The Vicious Capitol Hill Battle Between Banks and Credit Unions

HuffingtonPost.com | Zach Carter | Posted 03.22.2012 | Politics

WASHINGTON -- In early February, Alabama Republican Spencer Bachus called for a meeting between two of the most quietly influential interest groups in...

Top GOP Congressman Facing Tough Primary

Posted 03.13.2012 | Politics

By Kelli Dugan MOBILE, Alabama--Powerful Alabama Congressman Spencer Bachus, chair of the U.S. House committee overseeing financial regulation, fac...

Welcome to the U.S. Egress

Arnie Reisman | Posted 05.08.2012 | Comedy
Arnie Reisman

Today's Congress does not work and it is time to throw them all out.

Insider Trading Probe Has Boehner In Tough Spot

The Hill | By Jordy Yager and Peter Schroeder | Posted 02.11.2012 | Politics

An ethics investigation of Financial Services Committee Chairman Spencer Bachus (R-Ala.) has put Speaker John Boehner (R-Ohio) in a politically tricky...

Sources: GOP Congressman Faces Insider-Trading Investigation

The Washington Post | Posted 02.09.2012 | Politics

The Office of Congressional Ethics is investigating the chairman of the House Financial Services Committee over possible violations of insider-trading...

Michael McAuliff

House GOP Introduces Insider Trading Bill But Strips Disclosure Rules

HuffingtonPost.com | Michael McAuliff | Posted 04.09.2012 | Politics

WASHINGTON -- Key provisions of the STOCK Act, the bill to bar insider trading by lawmakers, were removed in the latest version unveiled Wednesday in ...

Jennifer Bendery

Republicans Press Justice Dept On Legality Of Recess Appointments

HuffingtonPost.com | Jennifer Bendery | Posted 01.06.2012 | Politics

WASHINGTON -- House and Senate Republicans fired off letters to the Justice Department on Friday demanding to know what role the agency played, if any...

For a Sane Economy in 2012, How About a Little Shame?

Richard (RJ) Eskow | Posted 03.03.2012 | Politics
Richard (RJ) Eskow

The other day I was asked what one single thing could do the most to save our economy. What one idea or tool might help us create a more just society? My answer was "shame."

Mollie Reilly

GOP Rep, Rogue Trader

HuffingtonPost.com | Mollie Reilly | Posted 11.14.2011 | Politics

WASHINGTON -- Hours after leaving a closed-door meeting with top government officials about the impending financial collapse in September 2008, Rep. S...

Rep. Patrick McHenry's Wall Street Goon Squad Targets Elizabeth Warren -- and America's Consumers

Richard (RJ) Eskow | Posted 07.24.2011 | Politics
Richard (RJ) Eskow

Elizabeth Warren tells the truth, talks straight, and fights for the middle class, and that makes her dangerous to the people who call the shots for "leaders" like Patrick McHenry and Spencer Bachus.

Elizabeth Warren Remains On Short List To Head Consumer Protection Bureau

The Huffington Post | Maxwell Strachan | Posted 07.04.2011 | Business

Elizabeth Warren might become head of the soon-to-open Consumer Financial Protection Bureau after all. President Barack Obama has yet to nominate ...

Credit Card Executives Optimistic In Face Of Looming Dodd-Frank Rules

Posted 07.02.2011 | Business

MIAMI BEACH, Florida (Maria Aspan) For the first time in years, credit card executives are looking beyond the losses of the financial crisis -- and th...

Dan Froomkin

Big PAC Money Flows To New Republican House Chairmen

HuffingtonPost.com | Dan Froomkin | Posted 06.16.2011 | Politics

It's true what they say about victors and spoils. Fundraising reports for the first quarter of 2011 show that the new Republican chairmen of key Ho...

In The Public Interest: Congress Still Demonizing Elizabeth Warren, Meanwhile, Chase Rolls Out the $5 ATM Fee

Ed Mierzwinski | Posted 06.05.2011 | Politics
Ed Mierzwinski

Washington should be implementing Wall Street reform, not tearing it down.