Barletta to Make Another Run at Kanjorski Nov 11, 2009
Paul Kanjorski (D-Pa. according to a Republican source with knowledge of his impending campaign. (Roll Call)
House panel would rein in rating agencies Oct 29, 2009
These rating agencies were falsely elevated to some godlike status that when they put a triple-A rating on something, you could take all of your mother s savings and invest it in there and you were doing the right thing, said Representative Paul Kanjorski, a Pennsylvania Democrat, who sponsored the bill. Rating agencies did not immediately embrace the legislation. (Boston Globe)
Lawmaker wants to hold ratings firms liable for inaccuracies Oct 1, 2009
Pennsylvania Democrat Paul Kanjorski s new draft bill includes a plan meant to address what critics contend is the crux of the current system s problem: Companies that issue securities - as opposed to investors - pay the agencies for the ratings on those securities. Raymond McDaniel, chairman and chief executive of Moody s Corp., said the company supports enhanced regulatory oversight of the industry. (Boston Globe)
Senate votes for tourism boost Sep 14, 2009
Voting yes: Robert Brady, D-1; Chaka Fattah, D-2; Kathy Dahlkemper, D-3; Jason Altmire, D-4; Glenn Thompson, R-5; Jim Gerlach, R-6; Joe Sestak, D-7; Patrick Murphy, D-8; Bill Shuster, R-9; Christopher Carney, D-10; Paul Kanjorski, D-11; John Murtha, D-12; Allyson Schwartz, D-13; Mike Doyle, D-14; Charlie Dent, R-15; Joseph Pitts, R-16; Tim Holden, D-17; Tim Murphy, R-18; Todd Platts, R-19. Annual budget deficits. (Erie Times-News, PA)
Bernanke may have to curb lending Jul 30, 2009
Democratic Representative Paul Kanjorski of Pennsylvania is gathering signatures for a letter asking Bernanke to extend the Term Asset-Backed Securities Loan Facility. The TALF, an emergency program that lends to investors to purchase securities backed by consumer and business loans, is set to expire December 31. (India Times)
Cow Creek GCD Board turns down gardener's variance request (51) Jul 27, 2009
Paul Kanjorski, a Pennsylvania Democrat, asked Mr Paulson to reveal details of officials concerns, which were relayed to Congress in hasty conference calls last year. The calls included discussion of law and order and whether it would be possible to feed the American people, and for how long, according to Mr Kanjorski. (Boerne Star, TX)
The Future of Fannie and Freddie: Chief Says Government Ownership Is Bad Jun 20, 2009
Congressman Paul Kanjorski, a Democrat from Pennsylvania who heads up the House of Representatives subcommittee that oversees Fannie and Freddie, backs a plan that would break up the firms into as many as 15 smaller companies. As with public utilities, he thinks the government could regulate what these firms could charge and how much they could make. (Time.com)
Obama's regulatory plan apt to spur a fight Jun 17, 2009
You can t fire the chairman of the Federal Reserve, said Representative Paul Kanjorski, Democrat of Pennsylvania. Copyright 2009 Globe Newspaper Company. (Boston Globe)
Ex-Rep. Frank Harrison Dies Jun 5, 2009
Paul Kanjorski (D) defeated him in the 1984 Democratic primary. Harrison moved to Texas in 1988, where he taught political science and pre-law courses and coached the debate team at Trinity University in San Antonio before retiring in 2006. (Roll Call)
Geithner in crosshairs? Mar 20, 2009
The bonus decision may jeopardize our ability to get the majority of this Congress to support further largess, to provide funds, to prevent a recession, depression or meltdown, Representative Paul Kanjorski, a Pennsylvania Democrat who heads the capital markets subcommittee, said as AIG Chairman Edward Liddy testified before his panel yesterday. The Democrats spoke as public anger over AIGs actions continued to boil. (AZCentral -- News)
Liddy asks AIG workers to return some bonus money Mar 19, 2009
Representative Paul Kanjorski, who chairs the subcommittee, grew increasingly frustrated with the disruption and told the protesters not to "try my patience". He shouted "Signs down!" and later had the signs confiscated. (Crain's Chicago Business)
Pitchforked Mob Hits Capitol Hill, AIG Boss Mar 19, 2009
Paul Kanjorski, likewise lit into Liddy and his cohorts in an opening statement: We know that the executive at AIG are greedy and now desperate, he said. Every day that they are in control of those subsidiaries is a day that worries me. (Slate)
AIG chief seeks bonus givebacks Mar 19, 2009
The capital markets subcommittee chairman, Pennsylvania Representative Paul Kanjorski, said that he knew about the bonuses weeks ago and instructed Liddy to abandon them. Several subcommittee members insisted that there should be little reward for those who developed and issued complex derivative instruments that amounted to "Madoff writ large," as New York Democrat Gary Ackerman put it. (Boston Globe)
AIG required to repay lavish bonuses: Geithner Mar 18, 2009
The subcommittee's Democratic chairman, Pennsylvania Congressman Paul Kanjorski, warned that Liddy's job could be on the line as President Barack Obama grapples with an outpouring of public rage at Wall Street excess. "Mr Liddy either has to tell us what he's going to do to change this and give back these bonuses ... or else we should consider removing Mr Liddy and putting someone else in charge," Kanjorski told MSNBC television Tuesday. (Yahoo News -- Top Stories)
U.S. Treasury Seen Offering Systemic Risk Plan Soon Mar 17, 2009
Paul Kanjorski, chairman of the House capital markets subcommittee, said he is puzzled by what the administration means by "systemic risk regulator.". "Systemic risk is a conclusion after the fact ... If you open up an office of systemic risk regulator, it would seem to me it would be a person that would have to be charged with the authority to examine everything," he said. (ABC News -- Wire)
AIG failure would 'bring down Europe' Mar 6, 2009
Paul Kanjorski told reporters after his subcommittee held a hearing on systemic risk. Kanjorski said he was told that a large number of AIG's counterparties were European. (Sydney Morning Herald -- Business)
Fed Won't Say Who Helped by AIG Rescue Mar 6, 2009
Separately, Representative Paul Kanjorski told Reuters he had been informed that a large number of AIG's counterparties were European. "That's why we could not allow AIG to fail as we allowed Lehman (Brothers) to fail, because that would have precipitated the failure of the European banking system," said the Democrat from Pennsylvania who chairs the House insurance subcommittee. (ABC News -- Wire)
Letter from America Mar 2, 2009
One incumbent Democrat whom House Republicans were confident of defeating last November was Representative Paul Kanjorski of Scranton, Pennsylvania. The Republican candidate was the mayor of Hazleton, whose local crackdown included fining landlords for renting to illegal immigrants and inspired a lawsuit by the American Civil Liberties Union. (International Herald Tribune)
Pa. legislators will be in the thick of things Feb 15, 2009
Paul Kanjorski, D-Scranton, who will continue to be preoccupied with the stimulus/bailout/recovery debate as the second-ranking Democrat on the House Financial Services Committee. Other Pennsylvanians with senior House posts include Rep. (Pittsburgh Post-Gazette, PA)
U.S. bank chiefs face grilling in Congress over bailout funds Feb 12, 2009
"When you took taxpayer money, you moved into a fishbowl," said Representative Paul Kanjorski, Democrat of Pennsylvania. "Now, everyone is rightly watching your every move from every side.". (International Herald Tribune)
Wall St. CEOs berated by lawmakers Feb 12, 2009
Paul Kanjorski of Pennsylvania was equally baffled, telling the executives that if their banks did not use the money, "Please find a way to return that money before you leave town.". South Carolina Republican Rep. (Yahoo News -- Top Stories)
