Rep. Spencer Bachus (R-Alabama).
Under investigation for trading on nonpublic material information, Rep. Spencer Bachus has started a legal defense fund, the beltway political newspaper Roll Call reports. The fund would allow individuals, corporations and PACs to donate up to $5,000 per year. Bachus can also pay for some legal expenses out of his regular campaign account, which had more than $1 million as of the last reporting period.
While Bachus might be digging in for a fight, many of his colleagues in Congress are keeping their distance, Roll Call reports. The only member of Congress to defend Bachus publicly has been his long-time sparring partner on the House Financial Services Committee, Barney Frank.
This week on WBHM we talk about Spencer Bachus’ lead over Scott Beason and the impact of the congressional ethics investigation into Bachus’ investments. Also, we discuss the proposed smoking ban in the city of Birmingham that has restaurant and bar owners upset.
A poll conducted for an anti-incumbency super-PAC shows Spencer Bachus leading Scott Beason 63 percent to 17 percent, the National Journal reports. However, when asked about Bachus’ close ties to Wall Street and accusations of insider trading, Bachus’ support quickly fell to 44 percent.
Rep. Spencer Bachus is under investigation by the Office of Congressional Ethics for trading on insider information, the Washington Post reported Thursday. Bachus had earlier been the target of criticism after investments he made in the wake of the 2008 financial crisis.
Political wildman and real estate developer Stan Pate has pulled the plug on his campaign for Congress, the Associated Press reports. Incumbent Spencer Bachus and state Sen. Scott Beason are still on the ballot, however.
A crook, a racist and a crazy man run against each other for Congress. It’s not the beginning of a joke, just an election campaign.
Polarizing state Sen. Scott Beason is expected to oppose scandal-plagued Rep. Spencer Bachus this March in the GOP primary.
About 35 protestors took their lunch breaks to gather in a parking lot near Rep. Bachus’s office and call for his resignation Thursday.
The Hoover-based Tea Party group the Rainy Day Patriots and conservative media magnate Andrew Breitbart are calling for Alabama Congressman Spencer Bachus to resign over possible ethics violations.
As the county commission slashes general fund spending, Cooper Green Mercy Hospital might have to live off of its indigent care fund alone. A portion of sales taxes are earmarked for indigent health care, but the county has supplemented the hospital budget with the general fund.
The Bloomberg reporters who first rang alarms over Jefferson County’s dangerous derivatives are now taking aim at Rep. Spencer Bachus. From his chairmanship of the House Financial Services Committee, Bachus is fighting new regulations of the same kinds of derivatives that crippled Jefferson County. While Bachus blasts the banks that set the county up with [...]
