Incoming GOP Chairman of the House Banking Committee: Regulators exist to ‘serve the banks’
Politics • December 2010 • Views: 1,129
Alabama Republican Spencer Bachus, the incoming chairman of the House banking committee, suggested Congress and federal regulators should play a subservient role with banks.
“In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks,” Bachus told The Birmingham News in an interview.