Spencer Bachus: “I think we see a major red flag here with the decline in the capital ratio.”

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

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.

Again, I thank the chairmen, the ranking members, and their staff for putting this together. The resolution process for financial institutions is one of the pieces of unfinished business from the 2008 financial crisis, and we will finish…

However, my continued concern is that the program threatens to dry up legitimate sources of credit and financing.