On the recordJanuary 26, 2015
I am speaking on behalf of the American taxpayer, that we are concerned that where the taxpayer dollars could potentially be as we return to these very loose underwriting standards.
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congress.govI am speaking on behalf of the American taxpayer, that we are concerned that where the taxpayer dollars could potentially be as we return to these very loose underwriting standards.
Garrett expresses concern about loose underwriting standards risking taxpayer money.
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But why would we want to extend the taxpayer subsidy and bailout safety net to capital markets and asset management?
The answer is zero. And the reason the answer is zero, sir, is because it would take money away from people who did not get their own money.
Not only do I find that appalling, but obviously from a bipartisan perspective, members from both sides of the aisle find it appalling that more information does not come out and the transcripts do not come out.