Republicans scuffle over US House banking panel

[sabra]

Source: Reuters

WASHINGTON, Nov 4 (Reuters) - Just days after winning control of the U.S. House of Representatives, Republican leaders on Thursday faced an internal fight over the chairmanship of a key committee that oversees Wall Street.

Representative Spencer Bachus was expected to prevail over rival Ed Royce to become the next head of the House Financial Services Committee, aides said, but the struggle could play a role in setting the panel's agenda for 2011-12.

Royce, from California, announced in a statement late on Wednesday that he was challenging Bachus, the panel's top Republican and heir-apparent to the chairmanship.

However, Bachus claimed to have the race all but sewn up.

"I've spoken to my colleagues on the steering committee and in leadership and I have their overwhelming support and fully expect to serve as the chairman," the Alabama congressman told Reuters earlier in the day.

Read more: http://www.reuters.com/article/idUSN0427742220101104

[Drale]

1. HAHAHAHA

Thats right destroy yourselves, look Ill help, I heard that republican guy over there say you don't deserve any of that free money you get from the government, now get fighting.

[GoCubsGo]

2. With any luck, they'll destroy themselves before the next Congress even starts.

I can't wait until Randy Paul, Marco Rubio and the rest of their ilk get there and stir up even more shit. Pass the popcorn...

[wilt the stilt]

3. why even have a committee

just abolish it because you won't oversee anything and while you are at it disband the SEC.