HOME |
ABOUT REP. BACHUS |
MEDIA |
GOP MEMBERS |
SUBCOMMITTEES |
ISSUE BRIEFS |
ACHIEVEMENTS |
HEARINGS/MARKUPS |
LINKS |
MAJORITY |
CONTACT US |
Republican Plan To End The Bailout Of Fannie Mae and Freddie Mac View the plan here |
4-21-10, Bachus Says End The Bailouts, Reform Fannie And Freddie |
Democrat Proposals Create A Command and Control Regime WASHINGTON -Financial Services Committee Ranking Member Spencer Bachus today made the following remarks on the Democrats' bailout bill during a House Republican leadership press conference: "There are three things in the bill that are different. There are a lot of things that are alike. We both address derivatives, more transparency, we all close gaps in the regulation.
"But the three differences are this: the first difference is they have a command and control regime, just like in health care, just like in cap and trade. They would make decisions for the American people and for businesses that those people make for themselves. The government would manage what traditionally in this country the family, or the business, or the individual would manage.
### |