“The CEO of Toyota was on Capitol Hill yesterday and he said he’s not sure if they’ve fixed all their problems,” Rep. Spencer Bachus, told attendees at Wednesday morning’s General Session. “The same could be said of Congress—we’re not sure if we’ve fixed all the problems that caused the recent financial meltdown.
“We need to be careful not to paint with too broad of a brush as we try to identify the culprits and enact solutions. All financial institutions didn’t cause the meltdown. All Wall Street firms weren’t part of the problem.”
Bachus thinks Congress has missed the mark and hasn’t addressed some issues that played a prominent role in the recent financial meltdown: