Spencer Bachus: “I personally believe that most derivatives, if they are not too highly customized, should be placed in a clearinghouse…”

My Democratic colleagues have said they want to wrap this up. So let me just simply say to you that this is having the effect of shutting down these companies, whether that was intended or not.

The program also can deny legitimate merchants access to financial networks they need to survive.

Does that make what the President did constitutional if it is unconstitutional?

I think maybe listening to everyone on the panel, I think, and most of the Members on the dais, we all agree that our country, its citizens, and even our immigrants need comprehensive immigration reform.