Spencer Bachus: “I think that my point is, and I think each of you would agree, it is going to be a much easier lift to solve the problem…”

If you are imposing costs on the system, you should have to internalize them.

Those left on the short end can often be the people who have the greatest difficulty in getting any credit at all.

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

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