Unanswered Questions about Housing Crisis are Frustrating (Sen. Jon Tester)

July 15th, 2008

Somebody was asleep at the switch to get to this point, as far as I’m concerned.  I don’t know who to put that on.  I don’t know who to blame that on, whether it’s Bernanke, or Paulson, or Cox, or somebody else.  It’s probably somebody else, quite honestly.  But right now, there are a lot of questions that are unanswered.  There haven’t been a lot of answers to what has been asked on either side of the aisle.  And so it’s a bit frustrating at this point.

I think we need more regulation, probably, but it just depends on how it’s structured.  I mean, more regulation for the sake of regulation isn’t what we’re after.  As far as giving [Paulson] a blank check—anybody a blank check, including myself—I’m a little nervous about that.


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By Mont. Dem. Sen. Jon Tester