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Spencer Bachus

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  • Keeping Congress clean

    Keeping Congress clean
    In September 2008, the U.S. financial system was teetering on collapse and the stock market was shaky. But Alabama Republican Rep. Spencer Bachus saw opportunity in the crisis. According to an investigation by the CBS news program "60 Minutes," Mr. Bachus attended a closed-door meeting that month with then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke at which lawmakers were briefed on the probable course of events. A day later, Mr. Bachus bought two types of highly leveraged options, essentially betting that share prices would fall — which they did. A week later, the congressman pocketed a tidy $5,000 profit when he sold his options.
  • Sun conveniently omits Pelosi's misdeeds

    Apparently all the " talking back" I've done in past years has been of little consequence. Could The Sun be any more obvious in their partisan reporting of insider trading perpetrated by members of Congress ("Keeping Congress clean," Nov. 28)? The Sun...

    Comcast-TWC Merger Faces Another Congressional Panel

    Comcast's proposed merger with Time Warner Cable comes before another congressional panel on Thursday, as a House Judiciary subcommittee hears from a series of witnesses on whether the massive transaction should get the greenlight from federal regulators....

    Swing-seat Republicans more likely to support debt deal

    Swing-seat Republicans more likely to support debt deal
    WASHINGTON -- John A. Boehner has found his options limited during his three years as House speaker by an informal rule for Republicans that dictates he move only legislation that has the approval of a majority of support among his own membership....

    Palin drawn into House Financial Services Committee chairmanship fight

     
    The race for the powerful chairmanship of the House Financial Services Committee, humming along largely behind the scenes, has received an Alaska-sized boost in visibility after one of the Republican contenders dissed "tea party" heroine Sarah Palin. Rep....