Instead of Congress having to affirmatively block all of these huge costly regulations, if they're above a certain amount in terms of economic impact, Congress should have to affirmatively pass off on them.
Vitter advocates for Congress to approve significant regulations before they take effect.
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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 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…
So just as an example, Wells is the biggest participant in the SBA's 7(a) loan program.
The only way that Wall Street will change is if executives face jail time when they preside over massive frauds.
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