They claim to be free market advocates, when it's really an 'anything goes' mentality. No regulation, no supervision, no discipline. And if you fail, you will have a golden parachute and the taxpayer will bail you out. Those days are over. The party is over.
Nancy Pelosi criticizes the lack of regulation in the financial system and emphasizes that taxpayers should not bail out failures.
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This extraordinary federal review which singles out California is based upon a thinly veiled and non-evidential argument.
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