Spencer Bachus: “A bailout to the FHA is something that would be intolerable to the American people and certainly to this Congress.”

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

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…

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

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