In our effort to provide the best political coverage in NEPA, we are posting our first video. Let us know what you think.
Congressman Paul Kanjorski (D-PA-11th) issued the follow press release, with the accompanying video. We post it, as we always do, unedited.
About an hour or so ago at today’s Financial Services Committee hearing about Lehman Brothers, Congressman Kanjorski, Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, aggressively questioned the financial regulators – Treasury Secretary Geither, Federal Reserve Chairman Bernanke, and SEC Chairman Schapiro – about the Wall Street reform legislation and how it does work to prevent future bailouts, despite GOP talking points to the contrary, and it specifically does that because of the Kanjorski amendment which would enable regulators to preventatively address, and potentially break up, financial companies deemed “too big to fail,” which was included in the Wall Street reform bill that the House passed in December. Similar legislation was included in the Senate’s bill. All three regulators agreed to this at the hearing. Below is a video of Congressman Kanjorski questioning the regulators.
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