Tuesday, June 23, 2009

Childers Demands Stanford Answers...in Harshly Worded Group Letter

Travis Childers is "demanding answers from the Securities and Exchange Commission about its handling of the alleged Ponzi scheme at Stanford Financial." (He should ask Bennie Thompson about Allen Stanford.)

But seriously, one of Stanford Financial's primary locations is in Childers' district. And Childers serves on the Financial Services Committee. Shouldn't he just be a little more involved than signing on to a mass letter? I mean, in this economy, an epicenter of a billion dollar ponzi scheme is the home district of a congressman whose committee oversees this kind of thing, and all he does is sign on to a letter? Really?

Travis says on his web site about the Financial Services Committee:
The committee has primary jurisdiction over the nation's financial sectors that
include banking, insurance, real estate, public-housing, and securities.
On a routine basis, the committee hears testimony from various international
finance experts that include the Chairman of the Federal Reserve and the
Secretary of the Treasury. With the increasing strains on the American
economy, I certainly look forward to offering my experiences as a small business
man in order to find effective solutions to the financial obstacles every day
American's face on a daily basis.

Uh yeah. You signed a letter. Good job with the economy and all that, Travis.

(And it is "Americans" not "American's" - I'm sure his office will correct after this post.)

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