Friday, December 17, 2010


An end to regulation?
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)
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)

1 comment:

  1. Read Paul Krugman's column "Wall Street Whitewash" in today's Times.

    He has the same quote from Bachus.


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