On the recordMay 4, 2009
I think it was a mistake to intervene and make the AIG investors... whole.
Source
congress.govI think it was a mistake to intervene and make the AIG investors... whole.
Bachus critiques the decision to bail out AIG investors.
Share
More from Spencer Bachus
The intent of Operation Choke Point may have carried a purpose that we would all agree with, and that is to prevent financial fraud.
Those left on the short end can often be the people who have the greatest difficulty in getting any credit at all.
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.
The program also can deny legitimate merchants access to financial networks they need to survive.