More on Consumer Protection
Congresswoman Maxine Waters (D-Calif.) delivered the following opening remarks:
"Good afternoon, ladies and gentlemen. Thank you for joining me for this panel on 'Surviving the Recession and Accelerating the Recovery.'"
Congresswoman Maxine Waters (D-Calif.), Ranking Member of the Financial Services Capital Markets Subcommittee, delivered the following remarks at a press conference today on funding for the SEC, which under the Republican budget plan would revert to FY 2008 levels. Congresswoman Waters was joined by Rep. Barney Frank (D-Mass.), the Financial Services Committee's Ranking Member, and Rep. Carolyn Maloney (D-N.Y.), the Ranking Member of the Financial Services Financial Institutions Subcommittee:
By Peter Schroeder
As the Treasury Department prepares to sell off up to $75 billion of shares in the American International Group (AIG) a group of eight Congressional Black Caucus members want to ensure that women and minorities are included in the dealmaking.
In a letter sent Wednesday to Treasury Secretary Timothy Geithner, the group, led by Rep. Maxine Waters (D-Calif.), urged government officials to ensure these groups are "fairly and fully included at all stages of this process.
"I would like to thank the Chairman for organizing this hearing and welcome Secretary Geithner back to our committee. Thank you for taking the time to come and testify today on "The State of the International Financial System, Including International Regulatory Issues Relevant to the Implementation of the Dodd-Frank Act."
By Jay Heflin
Rep. Maxine Waters (D-Calif.) is sharply criticizing the Treasury Department and the Securities and Exchange Commission for excluding minority- and women-owned firms from taking part in the sale of General Motors common stock owned by the Treasury.
Treasury obtained the stock as a result of the government bailout of General Motors. It owns about $43 billion in GM stock.