Entries tagged "Waxman"
Rep. Henry Waxman, D-Calif., will be the House of Representatives' chief overseer of media and telecom mergers, the energy industry and foreign acquisitions that have national security implications. Waxman landed that charge Thursday morning after beating Rep. John Dingell, D-Mich., in a battle for the chairmanship of the House Energy and Commerce Committee. Waxman had argued that Dingell was too close to automakers and had not done enough to impose tighter emission standards on cars or to pursue other environmental initiatives....
The House Oversight and Government Reform Committee had a big hedge fund party, but some of the more vocal managers were left off the guest list. Hedge fund bigwigs George Soros of Soros Fund Management LLC, John Alfred Paulson of Paulson & Co., James Simons of Renaissance Technologies LLC, Philip A. Falcone of Harbinger Capital Partners and Kenneth C. Griffin of Citadel Investment Group LLC appeared before the committee chaired by Rep. Henry Waxman Thursday morning to discuss and defend whether or not they pose a systemic risk to the financial system, what level of government regulation and oversight...
Former U.S. Federal Reserve Chairman Alan Greenspan told Congress he is "shocked" at the breakdown in U.S. credit markets and conceded that he was also "partially" wrong to poo-poo regulation of some securities. Despite concerns he had in 2005 that risks were being underestimated by investors, "this crisis, however, has turned out to be much broader than anything I could have imagined," Greenspan said in prepared remarks Thursday before the House of Representatives Committee on Oversight and Government Reform....
Henry Waxman, D-N.Y., the chairman of the House Oversight and Government Reform Committee, has banged his gavel Monday for the first of two hearings this week on the causes of the financial mess. Monday's hearing tackles the bankruptcy of Lehman Brothers Holdings Inc. Tuesday Waxman moves on to the $85 billion bailout of American International Group Inc. - William McConnell Watch the video of the hearings...
The presidential candidates and members of Congress have the good fortune not to have any immediate responsibility for addressing the carnage on Wall Street, because judging by their knee-jerk comments from the campaign trail and Capitol Hill, it's probably the American economy's good fortune too. ...
To get a handle on events they have only been able to see from the sidelines, Capitol Hill lawmakers are filling in their calendar with hearings examining the actions taken by Treasury Secretary Henry Paulson to combat the meltdown on Wall Street. Senate Banking Committee Chairman Christopher Dodd was forced to cancel Sept. 16 and 18 hearings on the bailout of Fannie Mae and Freddie Mac and the state of the commercial banking industry because his primary witnesses were, um, tied up trying to stem further collapse of the capital markets. Now, he'll try to tackle the whole mess in...
