I fear that the bank will simply be a new GSE or something like it and we will face another Fannie and Freddie-type entity that will cost the taxpayers money down the road.
How do you remove politics from it?
Americans are tired of the 'borrow now and pay later' mentality of this Administration and its allies in Congress, and they want it to end.
Opening statements, comments, or prepared statements of: Senator Shelby
The massive current account surpluses accumulated by China are directly related to its manipulation of its currency value.
I think it is high time, Mr. Secretary, that we see a little bit of that hope and change that you promised.
There is no question in my mind that China manipulates its currency in order to subsidize Chinese exports.
The only question is, why is the Administration protecting China by refusing to designate it as a currency manipulator?
They want jobs, and they are right.
The American public, Mr. Secretary, is tired of hearing about the sophisticated nuances of international diplomacy.
I believe that the time for talking has long passed and the time for action has arrived.