Press Releases

Jan 27, 2010

Issa: AIG Investigation Just Getting Started

What We Learned Today:  NYFRB Engaged in Cover-Up WASHINGTON. D.C. – Following today’s hearing of the House Committee on Oversight and Government Reform examining the government’s role in bailing out AIG counterparties and hiding its details from the American public, Ranking Member Darrell Issa (R-CA) 

Jan 26, 2010

Addressing Mortgage Foreclosures Must Include Plan to Address Fannie-Freddie

WASHINGTON. D.C. – As the Obama Administration prepared to announce a new plan to address rising foreclosures, House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) has called on the Obama Administration to put forward a viable plan to address the Government Sponsored Enterprises (GSEs) such as Fannie Mae and Freddie Mac, which were at the heart of the subprime housing collapse last fall that sent our economy into a tail-spin. “As long as ...

Jan 26, 2010

Oversight Republicans Release Report on AIG Backdoor Bailout and Fed Cover Up

Report entitled, "Public Disclosure As A Last Resort: How the Federal Reserve Fought to Cover Up the Details of the AIG Counterparties Bailout From the American People." WASHINGTON D.C. – Today, Oversight and Government Reform Committee Ranking Member Darrell Issa (R-CA) released a report detailing the role of the Federal Reserve in the AIG Counterparty payments where billions of taxpayer dollars were used to pay Wall Street Banks in what has been termed a ...

Jan 24, 2010

Democrats Play Politics with GAO Comptroller Nomination

WASHINGTON D.C. – Congressional Democrats today sent a list of several candidates whom they are recommending to the President for appointment as the next Comptroller General.  Their letter derails attempts to develop a slate of candidates that should have been agreed to on a bipartisan basis by the statutory Commission charged with making this recommendation to the President. “President Obama has a choice to make, he can either follow the unfortunate ...

Jan 24, 2010

Retreat on Counting Stimulus ‘Created or Saved’ Confuses White House Advisors who Cite Different and Unreliable Estimates

Devaney Letter to Rep. Issa:  Recovery.gov Giving Up on Displaying ‘Created or Saved’ Count – Will Focus Instead on Jobs Paid for by Taxpayers WASHINGTON D.C. – Oversight and Government Reform Committee Ranking Member Darrell Issa today released 

Jan 20, 2010

Issa: New York Fed Should Comply with Subpoena or Be Held in Contempt

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) sent a letter to Chairman Edolphus Towns (D-NY) today regarding a subpoena the Committee issued on January 13th to the Federal Reserve Bank of New York (FRBNY) for “all documents in the possession, custody, or control ...

Jan 19, 2010

Fed to Provide Disclosure on AIG to GAO – What About the Congress?

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) released the following statement today regarding a letter sent to the Government Accountability Office (GAO) by the Chairman of the Federal Reserve Ben Bernanke in which he welcomes “a full review by the GAO ...

Jan 15, 2010

Issa: AIG Investigation Should Expand to Include Subpoena of Treasury/Fed Documents and Paulson-Bernanke Affidavit

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) sent a letter today to Committee Chairman Edolphus Towns (D-NY) calling on him to “obtain information from Federal Reserve Board Chairman Ben Bernanke and former Treasury Secretary Hank Paulson” regarding the Federal ...

Jan 14, 2010

EPA Job Killing Quest Won’t Pause to Evaluate Corrupted Science or Even to Respond to Congressional Inquiries

Inquiries to EPA Administrator Jackson go unanswered as EPA pushes forward with endangerment strategy making employers nervous about future costs WASHINGTON D.C. – Questioning why EPA Administrator Lisa Jackson continues to move full speed ahead on the Obama Administration’s efforts to create costly new regulations that harm efforts of small businesses to create jobs without addressing information about corrupted science and the impact on small business, Rep. ...

Jan 14, 2010

Oversight Republicans Demand Answers on GM-Delphi Union Pension Deal

Members want to know what role the Treasury Department’s Auto Task Force played in GM’s decision to discriminate against non-union workers while spending billions on union pensions WASHINGTON. D.C. – House Committee on Oversight and Government Reform Republicans today sent