Wednesday
Apr282010
House Republican: Wall Street Debate About “Smart Regulation And Dumb Regulation”
Wednesday, April 28, 2010 at 4:41PM
By Justine Rellosa- Talk Radio News Service
Rep. Jeb Hensarling (R-Texas) told reporters during a briefing Wednesday with other Republicans that the debate over financial Wall Street reform legislation comes down to a difference between “smart regulation and dumb regulation."
Rep. Tom Price (R-Ga.), who joined Hensarling, pointed out what form these "dumb regulations" could take.
"This legislation ... is going to harm job creation and capital formation in America,” said Price. “It continues to enshrine us as a bailout nation.”
Rep. Scott Garrett (R-N.J.) added that Congress should avoid using using taxpayers' money to fix the problems incurred by mortgage giants Fannie Mae and Freddie Mac.
“If there is any party that is standing up for big banks, it’s the Democrats,” he said.
Rep. Jeb Hensarling (R-Texas) told reporters during a briefing Wednesday with other Republicans that the debate over financial Wall Street reform legislation comes down to a difference between “smart regulation and dumb regulation."
Rep. Tom Price (R-Ga.), who joined Hensarling, pointed out what form these "dumb regulations" could take.
"This legislation ... is going to harm job creation and capital formation in America,” said Price. “It continues to enshrine us as a bailout nation.”
Rep. Scott Garrett (R-N.J.) added that Congress should avoid using using taxpayers' money to fix the problems incurred by mortgage giants Fannie Mae and Freddie Mac.
“If there is any party that is standing up for big banks, it’s the Democrats,” he said.
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