Media

By Stacy Kaper

Of all the things missing from a House Financial Services Committee hearing on the inconclusive Financial Crisis Inquiry Commission report on the causes of the financial meltdown, the most obvious was any sense of irony.

Republicans criticized a government report on the causes of the 2008 financial crisis as biased and political on Wednesday. Democrats fired back that Republicans want to roll back federal regulations of the financial industry.

by Peter Schroeder

A hearing intended to explore the underpinnings of the financial crisis provided a fresh opportunity for lawmakers to fight ongoing partisan battles.

by Sewell Chan

The government inquiry into the causes of the 2008 financial crisis was the focus of intense partisan bickering Wednesday at a House hearing.

Seeking to assuage corporate executives, top U.S. regulators on Tuesday insisted that expected rules on holding collateral, or margin, will focus on financial institutions, rather than commercial companies worried about new costs that could limit their hedging activities.

Congresswoman Maxine Waters (D-Calif.), a senior member of the Committee, delivered the following remarks.

"Thank you, Mr. Chairman.

Congresswoman Maxine Waters (D-Calif.) participated in a press conference today with her Congressional Black Caucus colleagues to follow up on the Jan. 28th CBC Debt Commission by rolling out a white paper on the panel's findings, and to discuss the Republicans' extreme budget plans. The following remarks were prepared for delivery:

by Shahien Nasiripour

The Obama administration outlined three options Friday to change the way home loans are financed, calling for the slow death of mortgage giants Fannie Mae and Freddie Mac and jumpstarting the debate over the future role of government in helping borrowers secure mortgages.