On the recordMay 20, 2009
It is truly penny-wise and pound foolish.
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congress.govIt is truly penny-wise and pound foolish.
Vitter criticizes the budget approach as short-sighted.
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So just as an example, Wells is the biggest participant in the SBA's 7(a) loan program.
I thank the Senator from Louisiana for his very kind remarks. More importantly, I want to thank him for years of great partnership, great work on behalf of Louisiana. I know he will make an outstanding senior Senator. Thank you. I yield…
Why isn't this crystal clear proof that an entity as big as Wells is not only too big to fail, but it is too big to manage and it is too big to regulate?
I think it was really, unfortunately, underreported in the national news for various reasons.