Boehner: Obama’s Wall Street Bill Creates Powerful Soviet-Style Council

“Just think about that credibility gap when you see the Majority insist on rushing through a job-killing regulatory bill with promises that will end Wall Street bailouts. The bill doesnt end Wall Street bailouts, it makes them permanent and institutionalizes too big to fail. This bill doesnt get the government out of the private sector it creates a politburo style of regulators who can seize any business and do almost anything they want to do with it. And the bill doesnt address the real reasons for the financial meltdown; it gives a free ride to Fannie Mae and Freddie Mac, the government mortgage companies that started this crisis. Americans were promised a new Washington. Instead its just more of the same: more spending, more government, and more empty promises.”