I think that many Americans share a fear that an emergency piece of legislation that was meant for economic stability has now morphed into essentially a $700 billion revolving bailout fund for the administration.
Jeb Hensarling
The Public Record
Jeb Hensarling is a former Republican member of the United States House of Representatives, representing Texas's 5th congressional district from 2003 to 2019. During his tenure, he served as the chairman of the House Financial Services Committee, where he played a significant role in shaping financial regulation and policy. Hensarling was known for his advocacy of free-market principles and his opposition to the Dodd-Frank Act, which was enacted in response to the 2008 financial crisis.
I am having trouble discovering where Treasury has identified any particular metrics of success beyond financial stability.
How about an additional 2.5 million jobs lost, the highest unemployment rate that we have seen in 25 years?
I hope, Mr. Secretary, that the legal interpretation of a statute doesn't change with the passage of a handful of months.
But Mr. Secretary, again, the question is what is the taxpayer getting for their money today?
I continue to be concerned over the precedent being set for the taxpayer and our financial markets with the Chrysler and GM intervention.
I continue to be concerned and am curious as to what TARP has evolved into as of today.
I do want to thank you for your public service at a time of great challenge in our Nation's history.
But as a congressional oversight committee, I guess the last word I would leave with you is you are being made irrelevant and you ought not let that happen.





