Posts Tagged ‘Congress’
Cummings Says AIG Bonus Reductions Not a `Favor’ to U.S.: Video
Feb. 3 (Bloomberg) — U.S. Representative Elijah Cummings, a Maryland Democrat, talks with Bloomberg’s Peter Cook about American International Group Inc.’s payment of bonuses to its financial products division .
Employees in the bailed-out insurer’s financial products unit, which sold the derivatives that drove New York-based AIG to the brink of collapse, agreed to forgo about three-quarters of the $26 million in retention bonuses that the U.S. paymaster asked be forfeited, said people with knowledge of the matter.(Source: Bloomberg)
Duration : 0:3:17
Cummings, Baucus Demand Geithner Testify About AIG: Video
Jan. 8 (Bloomberg) — Representative Spencer Bachus, the top Republican on the Financial Services Committee, has joined Democrat Elijah Cummings, chairman of the Oversight and Government Reform Committee, in calling for Treasury Secretary Timothy Geithner to testify about the efforts of the Federal Reserve Bank of New York to limit American International Group Inc.s disclosures of payments to banks. Bloomberg’s Lizzie O’Leary reports. (Source: Bloomberg)
Duration : 0:1:18
Financial Reform Bill is Filled with Loopholes
Watch more at http://www.theyoungturks.com
Follow us on Twitter. http://twitter.com/theyoungturks
Check Out TYT Interviews http://www.youtube.com/user/TYTInterviews
Duration : 0:4:29
Rep. Manzullo Questions Treasury Secretary Geithner on New Plan to Regulate Financial Services
Congressman Don Manzullo (R-IL) questions Treasury Secretary Timothy Geithner on the Administration’s dramatic new plan to regulate financial services companies. Manzullo is concerned the plan goes too far and will give the government the power to seize private companies and set executive compensation limits, interfering with our free market system.
Duration : 0:4:55
http://www.RonPaul.comAlan Grayson (High Quality Version): Is Anyone Minding the Store at the Federal Reserve?
This is a high quality version of the Financial Services Subcommittee on Oversight and Investigations hearing of May 5, 2009.
Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.
http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aGq2B3XeGKok
Federal Reserve Office of the Inspector General: http://www.federalreserve.gov/oig/
Duration : 0:5:24
Frank Says New Wall Street Rules Would Reduce Risk: Video
Dec. 11 (Bloomberg) — U.S. Representative Barney Frank, a Massachusetts Democrat and chairman of the House Financial Services Committee, talks with Bloomberg’s Lizzie O’Leary about the House vote on strengthening financial industry rules and the outlook for similar legislation to pass in the Senate.
The House voted to tighten rules for derivatives and create powers to break apart large, healthy financial firms that threaten the economy in legislation passed today over objections from Wall Street and Republicans. (Source: Bloomberg)
Duration : 0:5:48
TARP Funds and Financial Services Hearing
Congressman Ron Paul on TARP funds and the recent Financial Services Committee Hearing
Duration : 0:6:5
Understanding The Financial Crisis–For Kids and Grownups
Having difficulty understanding the 2008 US Financial Crisis? Here’s a short animated video that explains – visually!
Duration : 0:4:9