“Today’s decision by Acting Director DeMarco protects taxpayers from picking up even more costs to bailout Fannie Mae and Freddie Mac’s bad financial bets. Other policies, such as temporarily reducing payments have been shown to be much more effective and cost efficient than principal write-downs.”
“ATF and the Arizona U.S. Attorney’s Office failed to consider and protect the safety of Americans, Mexicans, and fellow law enforcement personnel throughout Operation Fast and Furious….”
“The Obama Administration has issued some 106 rules in its first three years that collectively will cost taxpayers more than $46 billion annually in compliance and lost productivity. This is four times the number of major regulations and five times the cost of rules issued in the prior administration’s first three years.”
“Since the 2008 financial crisis, the Fed has tripled its balance sheet to $3 trillion, equivalent to 20% of the economy, through an unprecedented series of bailouts and economic interventions,” Chairman Issa said.
“Last week’s unemployment numbers remained stuck at unacceptably high levels. This reflects the poor climate for businesses that currently exists under the Obama Administration,” said Oversight Chairman Issa.
“Your ominous message – which could be interpreted as a threat – is likely to have a major chilling effect on ATF employees exercising their rights to contact Congress. Therefore, it needs to be clarified.”
“Federal spending data, especially the data most readily available to the American people, is not accurate, not timely, not complete, and not useful. “
Rep. Trey Gowdy explains why the President’s assertion of executive privilege does not apply to the Fast and Furious documents in a new video released by the House Committee on Oversight and Government Reform.
The Inspector General for the Department of Justice has initiated an investigation into the situation described in a June 29 letter from Senator Chuck Grassley and Chairman Darrell Issa about two whistleblowers who testified before Congress about the Fast and Furious matter under the supervision of an individual who allegedly threatened to retaliate against them.
House Oversight and Government Reform Committee Chairman Darrell Issa today released a new report following the Committee’s three year investigation into Countrywide Financial’s “Friends of Angelo” and “VIP Program” that issued discounted mortgages to influential Washington policy figures. The report finds that Countrywide used its VIP Program to aid its lobbying efforts as well as to strengthen its relationship with taxpayer backed Fannie Mae. Countrywide partnered with Fannie Mae in a strategic business alliance that also included joint lobbying efforts.