Guest Commentary: U.S. Rep. Darrell Issa on the Proposed Federal Bail Out Of Wall Street
Some sanity from the halls of Congress, from California Republican Congressman Darrell Issa…
As disturbing as the volatility and turmoil on Wall Street are, the prospect of transferring trillions of dollars of risk and losses to taxpayers is appalling. How can any American look their neighbor in the eye and suggest that they should bear the losses for the mistakes and greed of America’s wealthiest financial firms. I am emphatically against it.
Accountability is a pillar of our free market economic system. The market rewards good business decisions and punishes bad ones. The course of action supported by the Administration and the Congressional leadership undermines this fundamental principle by bailing out those on Wall… Read More