financial bailout

FOR IMMEDIATE RELEASE

Monday, December 22, 2008

MEDIA CONTACT

Jamie Radice (202) 225-5456

Shea-Porter Opposes Wall Street Misuse of Taxpayer Funds

Washington, DC –Congresswoman Carol Shea-Porter today announced that she has joined with twenty-two of her colleagues in sending a letter to the CEOs of eight major banks receiving Troubled Asset Relief Program (TARP) funds.  The letter urges these CEOs to renounce bonuses for their top executives.

For Immediate Release
December 18, 2008
Mike Brunelle
(603) 225-6899
 

New Hampshire Republican Chair Criticizes Judd Gregg on Handling of Wall Street Bailout
GOP leader says TARP "hastily" put together
Concord--U.S. Senator Judd Gregg, one of the chief architects of the $700 billion dollar Wall Street bailout, was sharply criticized today by the Chair of the New Hampshire Republican Party for his mishandling of the TARP program. In an interview with the Union Leader, Fergus Cullen expressed concern that the bailout had not been administered properly, and was "hastily put together in an election year." This criticism comes just weeks after Gregg's resignation from the government oversight panel, and the release of a GAO report stating that the program lacked oversight and transparency.

For Immediate Release

December 8, 2008

Contact:        Mark Bergman

                202-225-5206

Congressman Paul Hodes Calls for Treasury to Fully Staff TARP

Washington, DC – Today, Congressman Paul Hodes, a member of the House Financial Services Committee, along with 21 other Representatives, sent a letter to Treasury Sec. Henry Paulson in response to the Dec. 2, 2008 GAO report highlighting significant problems with the implementation for the Troubled Asset Relief Program (TARP).

U.S. Judd Gregg (R-Rye) said that he is leaving the oversight committee in charge of the fiscal bailout because of his Senate workload.

The Troubled Asset Relief Program (TARP) was created to monitor the bailout passed by Congress earlier this fall.

FOR IMMEDIATE RELEASE:                          CONTACT: BARBARA RILEY

10/1/08                                                 202-224-2841

                                                                LIZ CHAMBERLAIN

                                                                603-430-9560

SUNUNU: ECONOMIC RECOVERY LEGISLATION PROTECTS ACCESS

 TO CREDIT FOR NEW HAMPSHIRE FAMILIES AND SMALL BUSINESSES

Tax incentives added to the bill will encourage economic growth and job creation

WASHINGTON, DC – United States Senator John Sununu (R-NH) today (10/1) announced that he will vote for the “Emergency Economic Stabilization Act of 2008” – bipartisan legislation that places taxpayers’ interests first and provides the American economy an opportunity to move forward on the road to recovery. Sununu has long supported tax incentives that will also be considered this evening and will vote to include them as part of the final economic recovery package that comes before the Senate later tonight.

FOR IMMEDIATE RELEASE

Monday, September 29, 2008

MEDIA CONTACT

Jamie Radice (202) 225-5456

Shea-Porter Statement on Financial Bailout Vote

Congresswoman Carol Shea-Porter released the following statement after voting against the Emergency Economic Stabilization Act:

“Our economy has been battered by eight years of a financial wild west on Wall Street.  There was no oversight and no accountability.  I thought it was a mistake for the Administration to ask Congress to vote on a $700 billion bill to bail out Wall Street with only a single week to consider the proposal and a single day to review it.  The Administration asked Congress to give up its Constitutional power of the purse and hand over a blank check for $700 billion.  Congress said no.

FOR IMMEDIATE RELEASE:                                            CONTACT: BARBARA RILEY

9/28/08                                                                                    202-224-2841

SUNUNU HIGHLIGHTS IMPORTANCE OF TAXPAYER PROTECTIONS IN CREDIT RESCUE PLAN

WASHINGTON, DC – United States Senator John Sununu (R-NH) today (9/28) underscored the need for taxpayer protections as Congress moved toward voting on bipartisan legislation aimed at stabilizing the American economy: