I want to echo your thoughts and thank you for the clear statement, which I think is a clear bipartisan consensus, that significant reform does have to happen to GSEs and now is really the time to focus on that.
Senator Vitter emphasizes the need for bipartisan reform of GSEs.
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So just as an example, Wells is the biggest participant in the SBA's 7(a) loan program.
Was not this practice, in fact, by the numbers part of the Wells culture by definition because it was so widespread for so long a period of time?
We need tough new laws to hold corporate executives personally accountable, and we need tough prosecutors who have the courage to go after people at the top.
The only way that Wall Street will change is if executives face jail time when they preside over massive frauds.
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