On the recordJuly 13, 2009
The Federal Reserve and other bank regulators have cautioned that the rule changes threaten the viability of the Federal Government's economic recovery plan.
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congress.govSpencer Bachus: “The Federal Reserve and other bank regulators have cautioned that the rule changes threaten the viability of the Federal…”
Editor's note · Context
Bachus raises concerns about accounting rule changes affecting economic recovery.
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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.
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If you are imposing costs on the system, you should have to internalize them.
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