Political Quotes

On the recordJuly 8, 2009
We particularly object to what we see is allowing the Fed to become a permanent bailout agency.
Said by
Spencer Bachus
Alabama

Editor's note · Context

Bachus criticizes the Administration's proposal for the Fed's role, fearing it undermines independence.

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More from Spencer Bachus

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

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I want to commend the gentleman from Washington (Mr. Kilmer) for what I consider a straightforward, commonsense amendment. This is an amendment to the Fair and Accurate Credit Transaction Act, what we commonly call the FACT Act. The FACT…

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I claim the time in opposition, although I am not opposed. The CHAIR. Without objection, the gentleman from Alabama is recognized for 5 minutes. There was no objection.

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