A few weeks back, it was the House Oversight Committee’s domestic subpanel that examined the effectiveness of the White House programs designed to curb foreclosures. (They weren’t pleased.) Now, the full committee will have a crack.
Rep. Edolphus Towns (D-N.Y.), chairman of the Oversight panel, just announced a More…
Here’s the letter from Rep. Edolphus Towns (D-N.Y.), chairman of the House Oversight and Government Reform Committee, asking Treasury Secretary Tim Geithner to testify later this month on the more than $60 billion filtered to Goldman Sachs and other Wall Street giants as part of the AIG bailout. Bloomberg News More…
The Federal Reserve has instructed federal investigators to withhold from Congress certain documents related to the Fed’s payments to AIG counterparties, according to a recent letter from Neil Barofsky TARP inspector general, to Rep. Darrell Issa (R-Calif.). The letter, available here, was published on Issa’s site.
“The Federal Reserve More…
Rep. Edolphus Towns, chairman of the House Oversight and Government Reform Committee, will subpoena the New York Federal Reserve for documents related to the AIG bailout, the New York Democrat announced today.
The New York Fed has been under close scrutiny since last week, when it was revealed More…
Rep. Edolphus Towns (D-N.Y.), chairman of the House Oversight and Government Reform Committee, has invited Treasury Secretary Tim Geithner to testify on his role in the New York Fed’s 2008 decision to hide massive AIG payments to other Wall Street firms.
“More than one year after More…
Bush administration officials have been under fire for effectively forcing a merger last December between Bank of America and Merrill Lynch without informing BoA shareholders of the financial dire straights Merrill was in at the time.
But yesterday the Obama administration was pulled more deeply into More…
He was practically a fixture on Capitol Hill during the Wall Street bailout debate and subsequent oversight discussions. But Ken Lewis, CEO of Bank of America, is set to retire at the end of the year.
Lewis and BoA have been in hot water over their government-backed deal to More…
Just a few days after Federal Reserve Chairman Ben Bernanke testified before House lawmakers about his role in Bank of America’s controversial buyout of Merrill Lynch, House Oversight and Government Reform Chairman Edolphus Towns (D-N.Y.) announced that former Treasury Secretary Henry Paulson will be the next official to take the More…
Federal Reserve Chairman Ben Bernanke is testifying this morning before the House Oversight and Government Reform Committee about his role in catalyzing Bank of America’s controversial December buyout of Merrill Lynch.
The saga made headlines this spring when former BoA CEO Ken Lewis told New York’s attorney general that he More…
On Thursday, the House Oversight and Government Reform Committee is hosting former Bank of America CEO Ken Lewis at a hearing to explore the genesis of Bank of America’s December purchase of the flailing Merrill Lynch. In anticipation of that gathering, Committee Chairman Edolphus Towns (D-N.Y.), along with Rep. Dennis More…
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