It's another reason why people are fed up with Congress. We're facing huge challenges in housing, government spending, taxes and illegal immigration. Congress would be better served to focus on any of those issues instead of inserting itself into a name-calling finger-pointing school-yard brawl.
Representative McHenry criticizes Congress for focusing on the steroid hearings instead of pressing issues like housing and immigration.
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I want to thank the ranking member, and I want to thank the Democratic Financial Services Committee staff for working with the Republican staff on this matter.
We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.
Just because I put the obligation on a colleague, to put an obligation on you, doesn't mean that you are not obligated.
FSOC's purpose is straightforward: to identify risks that could impact our financial stability; to promote market discipline by eliminating expectations of bailouts; and to respond to emerging threats.
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