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Republican Plan To End The Bailout Of Fannie Mae and Freddie Mac View the plan here |
4-16-10, Bachus: Democrat Bailouts Make Taxpayers Pay for Wall Street’s Sins |
April 16, 2010 WASHINGTON - Financial Services Committee Ranking Member Spencer Bachus today released the following statement upon reports that the Securities and Exchange Commission charged Wall Street firm Goldman Sachs with civil fraud.
"Today's action by the SEC is yet another reason why we need real financial regulatory reform that starts with ending the bailouts.
"We can't allow the Democrats to create a permanent bailout regime that gives Wall Street the ability to prey on taxpayers to hedge their own bad bets.
"The House Republican bill puts an end to the bailouts to ensure that taxpayers are never again on the hook for Wall Street's deceptive practices." ### |