Spencer Bachus, the incoming G.O.P. chairman of the House Financial Services Committee, told The Birmingham News that “in Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks.” (WSJ)
Rep. Spencer Bachus (R., Ala.), the incoming chairman of the House Financial Services Committee (left) huddles with the current chairman, Rep. Barney Frank (D., Mass.) at a hearing in September. (AP Photo/Alex Brandon)
Friday, December 17, 2010
An end to regulation?