finally, it is ludicrous for anybody to recommend the Chairman’s support for customer option and freedom.

finally, it is ludicrous for anybody to recommend the Chairman’s support for customer option and freedom.

2nd is the one of numerous statements Chairman Hensarling has made in regards to the Financial SELECTION Act, which passed the home in June. Simply speaking, the Financial SOLUTION Act will end taxpayer bailouts of big banks, toughen charges for people who commit economic fraudulence or insider trading, and supply regulatory relief for finance institutions. The Congressional Budget workplace issued a study noting that almost all the Financial SOLUTION Act’s regulatory relief is geared to community banking institutions and credit unions and therefore few big banking institutions will benefit through the bill. Continue reading

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