Sen. Kay Bailey Hutchison delivers Weekly GOP Address On financial regulation

"Too big to fail" could be enshrined into law if President Obama and the Democrats have their way and pass their financial reform bill into law.



Sen. Kay Bailey Hutchinson (R-TX) has a better idea, as she tells us in this week's GOP address:

Republicans are working to ensure the bill would forbid any future bailouts of Wall Street banks.... The Democrats pushed a bill through the Senate Banking Committee that does not stop future bailouts. Republicans have been attacked for speaking out against it and asking for bipartisan negotiations before allowing the bill to be debated on the Senate floor. But to be clear, we will stand firm against a partisan bill that exposes ordinary taxpayers to future bailouts or favors big companies over community banks across America. The tactics the Democratic leadership used to pass the health care bill must not be repeated.

Without fear of failure, what's to prevent large financial firms from engaging in schemes even riskier than the ones that led us into this recession?

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