Part of the question I have is something I hear from many of my constituents, particularly after the most recent financial crisis in the country; they ask the question why, after mistakes are made by people in various positions of government, particularly in the regulatory area of government, you never seem to hear of anyone being fired?
Kanjorski questions accountability in government after financial crises.
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The pain that the majority of my constituents and probably so many constituents around the country--they are not going to trust any of us.
If Congress missteps, we run the risk of driving this market overseas and limiting the ability of companies to manage risks associated with their business practices.
I have never seen anything in the world more devious or backdoor to come in to Federal regulation than doing it this way, and with the least amount of real direct effect.
Their testimony was quite clear that it was their opinion that the failure of any one of them, and particularly Chrysler, would cause systemic risk if they were allowed to fail.
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