JACK ON THE FLOOR - Stop the Bailouts

Congressman Jack Kingston (R-GA) speaks on the House floor pointing out that without a single vote from Congress, the Federal Reserve last year spent hundreds of billions of dollars bailing out firms like Bear Stearns and AIG. Now there's a dangerous proposal in Congress that would give the Federal Reserve and the FDIC permanent bailout authority to keep bailing out firms without approval. This will endanger our fiscal policy, create an unfair competitive advantage for those firms dubbed "too big to fail" and will encourage risky behavior as financial firms realize "Uncle Sugar" is there to bail them out. To learn more visit http://kingston.house.gov/

Category:

News & Politics

Tags:

• bailouts
• Congressman
• Jack Kingston
• U.S. House
• Federal Reserve
• Bear Stearns
• AIG
• congress
• FDIC
• too big to fail
• Uncle Sugar

[HopeForPeaceNow]

Does it bother any Conservatives that Frank makes up the buzz words to kill the bill...

before the bill is even written?

Or that they sell you your public policy the same way they sell you your pepsi?

Or that "Permanent Bailouts" is 100% lie?

[USAPatriot1966]

That is just crazy--- END THE FED!