Senator Bond acknowledges the chairman's remarks.
04/27/2010
https://www.congress.gov...
Without forcing the banks to clean up their balance sheets... we are simply postponing their day of reckoning.
It cannot be emphasized enough that a well-functioning credit market must be restored for economic recovery.
Throwing billions of taxpayer dollars at the banks without cleansing the toxic assets is simply throwing money down a rat hole.
Many people, including myself, are highly skeptical of the PPIP program.