Spencer Bachus: “When I say they shouldn't bail out the creditors and counterparties, I don't care whether they are in receivership or…”

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

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

In a perfect world, there will be no payday lenders.

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.