Republicans believe that the Fed's core mission--and I stress this--is to conduct monetary policy and that mission will be seriously undermined if its supervisory responsibilities are dramatically expanded.
Bachus asserts that expanding the Fed's responsibilities threatens its primary mission.
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The intent of Operation Choke Point may have carried a purpose that we would all agree with, and that is to prevent financial fraud.
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?
In this economy, the last thing we need is to make it harder for businesses to operate and employ workers, and by that I mean legitimate businesses.
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