Alabama Republican Spencer Bachus, the incoming chairman of the House banking committee, suggested Congress and federal regulators should play a subservient role with banks.
"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," Bachus told The Birmingham News in an interview...
[Full Article]
Incoming House Banking Chairman thinks regulators should serve the banks
In an astonishing turn of events, Congressman Spencer Bachus, who is in line to become the next chairman of the House Banking committee, made a statement in an interview with the Birmingham News that government regulators should utilize their power to 'serve the banks'.
This is the same Congressman who supports Ron Paul, and has signed on to the Audit the Fed campaign.
In an article yesterday from the publication, The Raw Story, Congressman Bachus intimates that his leadership role will be to keep the regulators working in a subservient role for the banking cartel...
[Full Article]http://www.youtube.com/watch?v=VFpIsUt8St8
