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The Bonddad Blog (Free subscription) | 07/23/2008
From Bloomberg: A government rescue of Fannie Mae and Freddie Mac would require taxpayers to pay ``way'' more than the $25 billion estimated by the Congressional Budget Office, potentially as much as $1 trillion, Senator Jim Bunning said. Treasury Secretary Henry Paulson ``hasn't told us the truth about this bill,'' Bunning, a Republican from Kentucky, said in an interview with Bloomberg Television...
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The New Yorker (Free subscription) | 07/21/2008
Just before the start of last week’s All-Star Game, Jim Bunning, a Major League Hall of Fame pitcher and, for the past decade, Kentucky’s junior Republican senator, served up a high inside fastball to Treasury Secretary Henry Paulson, who was on Capitol Hill defending the Bush Administration’s latest effort . . .
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The Nattering Naybob Chronicles (Free subscription) | 07/19/2008
Senator Jim Bunning : " The Fed is asking for more power. But the Fed has proven they can not be trusted with the power they have. Their monetary policy is a leading cause of the mess we are in . Now the Fed wants to be the systemic risk regulator. But the Fed is the systemic risk . Giving the Fed more power is like giving the neighborhood kid who broke your window playing baseball in the street a...
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W.C. Varones Blog (Free subscription) | 07/18/2008
Senator Jim Bunning, on Paulson's Fannie Mae / Freddie Mac taxpayer bailout plan: And on the Greenspan-Bernanke serial bubble blowing : First, on monetary policy, I am deeply concerned about what the Fed has done in the last year and in the last decade. Chairman Greenspan’s easy money the late nineties and then following the tech bust inflated the housing bubble and created the mess we are in today....
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Kudlow's Money Politic$ (Free subscription) | 07/16/2008
I see this morning that some of my CNBC colleagues are talking down to Jim Bunning, almost making fun of him as some sort of “odd duck,” because the Kentucky senator dared to squawk back at Henry Paulson (and for that matter Ben Bernanke) during yesterday’s Senate hearings on Fannie Mae and Freddie Mac. In fact, Bunning deserves credit for being a principled conservative. I interviewed Sen. Bunning...
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Kudlow's Money Politic$ (Free subscription) | 07/16/2008
What follows below is an unofficial transcript of my interview on Kudlow & Company last night with Senator Jim Bunning (R-KY). Mr. Bunning is a Republican member of the Senate Banking Committee. Kudlow: Senator Jim Bunning, Republican from Kentucky, not happy today with either Treasury man Paulson or Fed head Bernanke. Now, Senator Bunning, here’s what you said at the hearing, taking direct aim at...
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Extreme Mortman (Free subscription) | 07/16/2008
Great quote by Sen. Jim Bunning (R-KY): Some lawmakers expressed doubts yesterday about the wisdom of the federal government’s plan to prop up mortgage finance giants Fannie Mae and Freddie Mac, with one Republican senator complaining it was tantamount to writing a “blank check” to save the troubled companies. … The often-outspoken Sen. Jim Bunning (R-Ky.) railed against [...]
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SeekingAlpha ETFs (Free subscription) | 07/16/2008
David Fry ( ETF Digest ) submits: Senator Jim Bunning threw a strike right down the plate with his excoriation of Bernanke & Co and the Fed today. Bernanke offered no response. But Hall of Famer Bunning still knows how to pitch that’s for sure. [Some say he isn’t right mentally but he was throwing strikes today and sounded the sanest of the bunch.] Complete Story »
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Division of Labour (Free subscription) | 07/16/2008
Senator Jim Bunning, R-KY, during a Senate Banking Committee Q&A with Ben Bernanke: Now the Fed wants to be the systemic risk regulator. But the Fed is the systemic risk. Giving the Fed more power is like giving the neighborhood...
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DealBreaker (Free subscription) | 07/15/2008
Ben Bernanke's plan to expand the authority of the Federal Reserve ran into a a razor-wire fence on Capitol Hill when Senator Jim Bunning blasted the Fed's performance, blaming Bernanke's monetary easing for the decline of the dollar, the rise of oil prices and rising inflation. "The Fed is asking for more power but the Fed has proven they cannot be trusted with the power they had," Bunning said....
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Real Time Economics (Free subscription) | 07/15/2008
Republican Sen. Jim Bunning of Kentucky, a member of the Senate Banking Committee and a longtime thorn in the side of the Fed (and the only senator to vote against Greenspan's confirmation in 2004) took more swipes at the central bank in his statement during the question-and-answer session with Fed Chairman Ben Bernanke. Bunning “[T]he Fed is [...]
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The Mess That Greenspan Made (Free subscription) | 07/15/2008
Senator Jim Bunning (R-Kentucky) joins Ron Paul (R-Texas) as one of the few elected officials who understand one of the major reasons that financial markets and the economy are in the condition they are in today - the Federal Reserve. In prepared remarks made earlier today as part the Senate Banking Committee hearing (hat tip hardwinterwheat) , Sen. Bunning made the following comments: I'm deeply concerned...
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Government Bytes (Free subscription) | 06/26/2008
Today, Senator Jim Bunning (KY) received his 4th Taxpayers’ Friend Award as a Member of the U.S. Senate. Senator Bunning earned a rating of 80%, which ranked him as the 9th most taxpayer friendly Senator. Congratulations on your award Senator, please keep up the fight! Presenting the award to Senator Bunning is NTU President Duane Parde (left) and Director of Government Affairs Kristina Rasmussen (right)....
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Cincinnati Enquirer (Free subscription) | 05/20/2008
U.S. Senator Jim Bunning today issued the following statement regarding the news that Senator Ted Kennedy has a malignant brain tumor. “I am saddened by the news today that Senator Kennedy is suffering from a brain tumor,” said Bunning. “Mary and I are praying for Senator Kennedy and his family at this very difficult time. I know that he will meet this challenge head on just as he has every
