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Issa: Injunction Blocking Implementation of Arizona Immigration Law Misguided and Should be Overturned

WASHINGTON. D.C. – Rep. Darrell Issa (R-Vista), a member of the House Judiciary Committee and the Ranking Member of the House Committee on Oversight and Government Reform released the following statement today regarding a federal judge’s ruling to block key provisions of legislation passed by the State of Arizona providing state law enforcement with the authority to enforce immigration laws: “The federal government has a right and a responsibility ...

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So Much for Transparency…Obama’s Financial Reform Exempts SEC from Responding to FOIA Requests

President Obama at Signing of Financial Reform Bill:  “It demands accountability and responsibility from everyone…It demands accountability and responsibility from everyone…And we all win when folks are rewarded based on how well they perform, not how well they evade accountability.” WASHINGTON D.C. – Rep. Darrell Issa, the Ranking Member of the Oversight and Government Reform Committee, today demanded answers from ...

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As Congress Prepares to Pass Additional Funding for FCIC, Issa Questions Financial Commission’s Spending and Management

WASHINGTON D.C. – Later today, the House is expected to pass a H.R. 4899, the War Supplemental Appropriations Act.  Tucked away in this war funding bill is a provision to provide the Financial Crisis Inquiry Commission (FCIC) with a 22-percent funding increase ($1.8 million).  In light of this additional funding provision that came at the request of the FCIC, Rep. Darrell Issa, the Ranking Member of the Oversight and Government Reform ...

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Independent Stimulus Panel Stocked with Obama Fundraisers and Failed Bureaucrats, But What Exactly Is Their Sphere of Influence?

WASHINGTON D.C. – Rep. Darrell Issa, the Ranking Member of the Oversight and Government Reform Committee, sent a letter today to the Chairman of the Recovery Act Transparency and Accountability Board (RAT Board) Earl Devaney today requesting a full explanation of activities conducted by the ...

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Issa Praises Rep. McHenry on Holding Majority Accountable for Stonewalling Questions on White House Record Keeping Abuses

WASHINGTON, DC – Oversight and Government Reform Committee Ranking Member Darrell Issa today blasted Committee Democrats for stonewalling efforts to question White House officials on record keeping abuses related to the Presidential Records Act and Federal Records Act by using personal e-mail accounts to circumvent rules and e-mail lobbyists.  He also praised Information Policy, Census, and National Archives Subcommittee Ranking Member Patrick McHenry ...

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Inspector General Agrees to Issa Request to Expand SEC-Goldman Sachs Investigation to Include Settlement Announcement

WASHINGTON D.C. – The Securities and Exchange Commission (SEC) Inspector General (IG) David Kotz has agreed to a 

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As Obama’s Bill Signing Charade Begins, Root Causes of Financial Meltdown Ignored, Future of Fannie and Freddie Unknown

Fannie-Freddie Represents the Largest Taxpayer Bailout in History but Future Met with Deafening Silence WASHINGTON D.C. – President Obama today signed a “financial reform” bill into law today that remarkably ignored how the economic crisis was created by a partnership between the federal government and Gov­ernment Sponsored Enterprises (GSE’s) such as Fannie Mae and Freddie Mac who paved the way for an over-inflated housing bubble that encouraged mortgage ...

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Inspector General for TARP Assails Obama Administration for Lack of Transparency and Deepening Housing Crisis

WASHINGTON. D.C. – The Special Inspector General of the Troubled Asset Relief Program (SIGTARP) Neil Barofsky, today released its quarterly report that blasted the Treasury Department for instituting “the equivalent of a fully deployed TARP program” without transparency and for setting “meaningless” standards to measure the true impact of the Home Affordable Modification Program (HAMP), characterizing it as “anemic” and a “government program ...

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Countrywide E-Mails Raise New Questions Surrounding Effort to Gain Influence in Exchange for Sweetheart Loan Deals

WASHINGTON D.C. – An investigation conducted by Rep. Darrell Issa, the Ranking Member of the Oversight and Government Reform Committee is revealing new insights into the inner workings of Countrywide’s Financial Corporation’s infamous VIP and Friends of Angelo Program that existed to buy friends in critical government and industry positions affecting the company’s business interests. An e-mail discovered in the course of the Committee’s investigation, revealed an ...

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153 Countrywide VIP Loans Given to Fannie Mae Employees, former CEOs

WASHINGTON, DC – An investigation conducted by Rep. Darrell Issa, the Ranking Member of the Oversight and Government Reform Committee is revealing new insights into the inner workings of Countrywide’s Financial Corporation’s infamous VIP and Friends of Angelo Program that existed to buy friends in critical government and industry positions affecting the company’s business interests.  Issa today in a letter to Federal Housing Finance Agency (FHFA) ...