What we are doing with the plan that is being put forward today, I am concerned, is you are going to eliminate choice by requiring government bureaucrats to define what are suitable financial products.
Steve Driehaus: “What we are doing with the plan that is being put forward today, I am concerned, is you are going to eliminate choice by…”
Editor's note · Context
Driehaus expresses concern over government regulation limiting consumer choice in financial products.
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There is not a dime of TARP money going into this bill. You are undermining the authority--or attempting to undermine the authority of the Inspector General of Treasury.
This is really an issue of fairness--an issue of fairness for property owners. You've got the Federal Government coming onto your property, telling you that you have to purchase flood insurance because you're now designated within the map…
They're engaged in rhetoric that goes way beyond the pale of what's responsible. They're inciting behavior and I think they should be held responsible for that.
The political framework of the Republicans is that they want to call everything a bailout. And when it's not a bailout, they want to act like it is. They want to call this TARP even when it's not. So this doesn't fit into the definition…





