Sen. Richard Shelby (R-AL), ranking Republican on the Committee on Banking, Housing, and Urban Affairs, today issued the following statement regarding the status of financial regulatory reform. Read the full text after the jump.“There are two bedrock principles on which I will not compromise: the safety and soundness of the financial system and taxpayer protection against bailouts. I fully support enhancing both consumer protection and safety and soundness regulation. I will not support a bill that enhances one at the expense of the other, however. In order to strike the appropriate balance they must be integrated with each other, not separated from each other.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=130875