Paul E. Kanjorski: “If Congress missteps, we run the risk of driving this market overseas and limiting the ability of companies to manage…”

I sympathize with the constituents of my friend from New York, Mr. Ackerman. When you hear some of the stories from the testimony of the Inspector General, that if only somebody turned around when they were examining the Madoff operation…

The Republican plan that was put forward last week addresses various policies that put the taxpayer at risk, but has no bail-out in the future.

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.

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.