Spencer Bachus: “At this time, I yield 1 minute to the chairman of the Subcommittee on Financial Institutions, the gentlelady from West…”

The intent of Operation Choke Point may have carried a purpose that we would all agree with, and that is to prevent financial fraud.

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.

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

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