AFR Statement: Heading Back Down the Path of Financial Deregulation
“With the package of bills it has scheduled for markup today, the House Financial Services Committee is threatening to take America back down the road of Wall Street deregulation — the road that led to the financial and economic calamity of 2008-09. While these measures deal with a range of financial practices and entities, most of them have a common theme: in one way or another, they would make it easier for banks, lending companies and other inside players to take advantage of consumers, homeowners, or taxpayers.”