Lehman Brothers

U.S. Sen. John Sununu: Senator's Office PhotoU.S. Sen. John Sununu (R-Waterville Valley) disagrees with his close friend, U.S. Sen. John McCain (R-Ariz.), who has been arguing that the foundation of the U.S. economy is sound.

"I think it's very difficult to make a statement about the fundamentals given the significant changes we've seen in the last couple of days," Sununu said on a conference call with reporters, but he added that steps are being taken to strengthen the financial market.

"The Federal Reserve and other central banks have taken the appropriate steps on liquidity," he said. "I think we have an interest rate environment that's going to be important and helpful in the recovery of the real estate market and I do think if we don't allow the tax rates to go back up we have tax rates in place that will, over time, encourage investment activity and longer-term economic growth."

For Immediate Release
September 16, 2008

(Manchester, NH) - Yesterday's news that Lehman Brothers had gone bankrupt sent shock waves through the economy as the stock market tumbled, and this growing crisis is the direct result of George Bush's economic agenda that John Sununu has supported at every step. John Sununu has voted against cracking down on predatory lenders, supported the Bush policy of reckless deregulation, and he did nothing as the sub-prime mortgage crisis grew and began dragging down our entire economy.

FOR IMMEDIATE RELEASE:                  CONTACT: BARBARA RILEY

9/15/08                                         202-224-2841

                                                        LIZ CHAMBERLAIN

                                                        603-430-9560

SUNUNU ISSUES STATEMENT ON FINANCIAL MARKETS

WASHINGTON, DC – United States Senator John Sununu (R-NH) today ( 9/15) issued the following statement on Monday regarding the financial markets:      

“Almost every aspect of our economy has been affected by the current housing and credit crisis, but under no circumstance should taxpayers bail out the shareholders or executives at Lehman Brothers.

For Immediate Release

September 15, 2008

Contact:        Mark Bergman

                202-225-5206

Congressman Paul Hodes Statement on the News of the Lehman Brothers Bankruptcy, Merrill Lynch Acquisition

Concord, NH--- Congressman Paul Hodes, member of the House Financial Services Committee, released the following statement on the news of the Lehman Brothers Bankruptcy filing and the Merrill Lynch Acquisition.

“While this news is troubling for our financial markets and investors, the foundation of our financial institutions remains stable. I fully support the recent actions of the Federal Reserve and the US Treasury Department and will continue to work with regulators to ensure the stability of financial markets. Banks and financial institutions have gone for the last eight years with little oversight and regulation which has led to a mortgage crisis, a credit crunch and millions of families struggling just to pay the bills.

FOR IMMEDIATE RELEASE
September 15, 2008
 
CONTACT:
Kate Bedingfield
603 782 4613 (o)/603 361 8036 (c)/ kbedingfield@jeanneshaheen.org

Caitlin Legacki
603 782 4613 (o)/603 361 9643 (c)/ clegacki@jeanneshaheen.org

JEANNE SHAHEEN STATEMENT ON LEHMAN BROTHERS BANKRUPTCY AND MERRILL LYNCH BUYOUT
 
(Manchester, NH)— Former Governor and current US Senate candidate Jeanne Shaheen issued the following statement today in response to the news that Lehman Brothers filed for bankruptcy and Merrill Lynch has agreed to be sold to Bank of America: