Partisanship Is Alive and Well in Panel's Hearing

By Hopkins, Cheyenne | American Banker, January 27, 2011 | Go to article overview

Partisanship Is Alive and Well in Panel's Hearing


Hopkins, Cheyenne, American Banker


Byline: Cheyenne Hopkins

WASHINGTON - If the House Financial Services Committee's first hearing of the year was any indication, the panel's handling of banking-related legislation in the new Congress will be just as partisan as the last - if not more so.

Wednesday's hearing, the first since Republicans retook the majority and Rep. Spencer Bachus became committee chairman, was billed as an opportunity to look ahead, with a focus on economic recovery and job creation. But it was instead dominated by criticism of the Dodd-Frank Act, policies of the Federal Reserve Board and the role of the government-sponsored enterprises in the crisis.

Rep. Jeb Hensarling, R-Texas, the panel's vice chairman, cited President Obama's pledge in the previous night's State of the Union speech to target overly burdensome regulations. " 'When we find rules that put an unnecessary burden on businesses, we will fix them,' " Hensarling quoted Obama as saying. "Well, Mr. Chairman, we've found one. It's called Dodd-Frank."

But Democrats said the majority was over-politicizing issues facing the committee. For example, Rep. Al Green, D-Texas, said Republicans were exaggerating the impact of Fannie Mae and Freddie Mac in the crisis as a means to get rid of the GSEs, whose existence the GOP has never supported.

"If we are going to properly resolve a problem, we should at least properly identify what the problem is," Green said. "One can conclude that elimination of a finger is appropriate for a hang nail, but I'm not sure that's the best way to resolve the problem. ... We really should identify the problem before we decide we are going to eliminate Fannie and Freddie."

Other than in a written statement blaming Dodd-Frank for "regulatory uncertainty" facing small banks, Bachus rarely spoke during the hearing. And his predecessor as chairman, Rep. Barney Frank, D-Mass., now the ranking Democrat, was away attending the World Economic Forum in Switzerland.

That left other members on the committee to air their disagreements.

Rep. Judy Biggert, R-Ill., blasted the Volcker Rule, a provision of Dodd-Frank that aims to limit banks' risky trading. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Partisanship Is Alive and Well in Panel's Hearing
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.